I’m a big fan of what the new decade and technology has to offer. We’re in a start of a cycle of revamping business tools. Companies have begun to replace their old systems to the more sophisticated, faster, and more reliable PCs. I believe with Windows 7 rolled out, which is by far the best Operating System compared to the ill liked Vista, has given Dell, Hewlett Packard HPQ and their business consumers a compelling reason to upgrade. Hewlett has taken the advantage thus far and have made significant moves as they are well equipped financially and are in several businesses including the Printing business (Eastman Kodak’s market). Personally I prefer HPQ for PCs and printers. I think they’re sharp, priced right, and are packed with tons of tech goodies. Click the link to learn more about Wall Street Analyst prediction on Dell. Here you can see the Wall Street Grand blog to read through analyst updates and recommendations.
Now do a little homework and look at their charts. What we see here is a pattern called a double bottom. The double bottom is a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between. Although there can be variations, the classic double bottom usually marks an intermediate or long-term change in trend. Many potential double bottoms can form along the way down, but until key resistance is broken for instance here at $14.45. Learn more about market predictions and find market moving news by visiting www.wallstreetgrand.com.
Dell has bounced off the $13.00 mark and has been trading in a very tight range trending upward. With this recent trend pattern I’m beginning to notice the buy side volume has beginning to trend upward. Is this a buying a signal of what’s to come? I think we’re a few days away towards a breakout. The investment community can potentially earn a 10%-15% gain in the near term according to ACE the Wall Street Grand analyst.
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