Short
DELL short play
Play the break and hold of recent daily support (green horizontal line)
Options have nice volume
Weekly hella over bought
Target $80
Time frame couple weeks maybe
Options have nice volume
Weekly hella over bought
Target $80
Time frame couple weeks maybe
Note
I should mention if we break resistance that would indicate a major bullish signal and I would most definitely go long. However, it would half to close a few days above this resistance, maybe wait for a retest of that resistance as support before entering long.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.