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Writer's pictureLester Davids

DELL TECHNOLOGIES Approaching Final Target. Bank/Take Profit

Updated: Nov 26

Monday 25 November 2024 (06h31)

  • Take Profits on Dell Technologies (DELL)

  • To trade global instruments, you will need an offshore account. To get started, contact the Unum Capital Trading Desk on E-mail: tradingdesk@unum.co.za | Call: 011 384 2923


 

  • Real-Time: 19h07 (South African Time) / U.S Trading Session

  • Just over 12 months ago I presented Oracle Corp as a buy/long opportunity.

  • Over the period, the share has proceeded to print all-time highs at $162 from the suggested entry of $117.

  • DELL Technologies is a beneficiary of the boom in Artificial Intelligence (AI) and the pullback offers an opportunity to participate in a potential new leg higher.

  • Buy Idea

  • Entry at $112.15

  • Targets: $132.55 and $152.92

  • Stop-loss: $90.43


Reference: Buy Oracle Corp (18 July 2023)


I also re-iterated my view in January of this year as the share retraced to $106.


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