Dell Technologies Inc Stock Code DELL.NYS
Outlook
Price peaked in May 2019 and started to decline. After reaching a low in late August, price rallied till 19 Nov 2019 to $56.68. Price has broken below a short term trend channel starting from the late August’s low and price has moved below the cloud. Conversion and Base lines had a bearish crossover as well, confirming the bearish trend. Lagging Span is below the cloud and below price of 26 days ago, confirming the bearish trend. Price has moved below $48.79, triggering an Ichimoku reversal as well. The correction rally could be over and price could be about to start the second decline that should bring it below the low of late August 2019. MACD is bullish at the moment with both its lines above the zero line but MACD has a bearish crossover indicating a bearish price trend ahead. The Ichimoku V price target comes in at $40.90
Strategy
$48.70 Short Sell
$42.00 Price Target
$53.20 Risk Management Stop
3 weeks Trade Duration
Lyft Inc Stock Code LYFT.NAS
Outlook
Since its listing in March of 2019, price has been declining and reached a low of $37.10 in mid October 2019. Price moved above the cloud 2 trading days ago, triggering a bullish trend. Both Conversion and Base lines has a bullish crossover reinforcing the bullish trend. Lagging Span is above price of 26 days ago but is the cloud at the moment. Price has now moved above the high of $45.82, triggering an Ichimoku reversal with a V price projection target of $54.54. MACD is bullish. MACD had given bullish divergence warning in the past, hinting of a possible price low before price moved above the cloud.
Strategy
$48.60 Buy
$54.50 Price Target
$43.40 Risk Management Stop
3 weeks Trade Duration
