Dell(NASDAQ:DELL): Next stop, 20$???
As we can see in the figure below, the chart is breaking out all its supports, including 21,60$ support level today. We have to wait for the closing, but if this breakout is confirmed, stock price will continue plunging. The technical appearance is very weak, and next support level is very close: 20$.
Stock price has to rebound at this level.
If 20$ support level doesn’t hold, stock price can drop to 16$ level where a double bottom exists (2001 year).
Support level: 20$
Resistance level: 21,60$
Responsable: José Carlos Estévez
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