Don't Ignore This Chart!

DELL enters gap zone

With a pretty nice advance the last 4-5 weeks, DELL returned to the gap zone and retraced 62% of its prior decline. Resistance in this area is becoming apparent with four red candlesticks over the last eight days.

100107dell Click this chart for details
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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