DELL Elliott Wave Analysis – Trading Lounge
Dell Technologies Inc. (DELL) – Daily Chart
DELL Elliott Wave Technical Analysis

FUNCTION: Trend
MODE: Motive
STRUCTURE: Impulsive
POSITION: Wave {iii} of 1
DIRECTION: Upward in wave {iii}
DETAILS: The analysis indicates DELL is progressing within wave {iii}, with an expected final push higher into wave (v). The price remains solid above the $100 level, and there is potential for a further rally toward $130 as wave (v) completes.

Dell Technologies Inc. (DELL) – 1-Hour Chart
DELL Elliott Wave Technical Analysis

FUNCTION: Trend
MODE: Motive
STRUCTURE: Impulsive
POSITION: Wave (iii) of {iii}
DIRECTION: Near top in wave (iii)
DETAILS: On the short-term chart, DELL seems to be approaching the top of wave (iii), reaching the 1.618 Fibonacci extension relative to wave (i). A corrective pullback in wave (iv) is expected before the stock resumes upward movement in wave (v) to continue the broader bullish trend.

This dual-timeframe analysis applies Elliott Wave principles to highlight DELL’s current market position and near-term outlook. With a confirmed trend above key support, both charts suggest bullish continuation following a minor correction.

Technical Analyst: Alessio Barretta

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