Don’t give up on the stockmarket bull just yet. Sure, prices have been battered but THE trade over the last 2-3 years has always to go long on retracements, it’s worked every time. So until it stops working that’s the probability trade.
Dell looks an interesting buy around these levels as it has plunged to near the bottom of the 2001-2003 trading range, around $22.50-$29.00
Last week the low was $23.60, we’re targeting a buying level if this price gets taken out and some of the obvious stops are hit
Looking to put a stop in at around $22.00, and if the trade works then it has every potential to rally back towards the top of the range, certainly above $25-$26 anyway
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