DELL has pulled back into a confluence of three supports — an inclining parallel channel, a long-term trendline and a gap fill. Bounces were muted (about 1%), showing little investor enthusiasm for tech/AI plays, and if consolidation continues the next support is lower; a swing trade could still retest the 539 range.

Another stock uh hitting some nice uh moves lower, Dell. Now, look at this. Much like Cororee, much like NBIS, these longterm inclining trend lines are coming into play. And in addition for that, Dell's been in an inclining parallel channel. So we had two levels of support right here.

And then you want, you know what? There was another level of support. There was a gap fill right here at 50662. So we had three levels of support all independent and corresponding right here in this zone in this 50% area.

The parallel, the inclining trend line, and the gap fill.

The selling pressure just made some of these bounces very muted. There was about a 1% bounce once price finally got into this range. You could see we have bounc we've sold off and then we bounced right back up.

Sold off, bounced right back up, and at best 1%. That's not typical. That just shows you the overall sentiment of the market with the tech and AI buildout was not robust. Investors were not enthusiastic to get back into these plays.

Otherwise, this should have yielded a very nice bounce.

could even be uh a near-term swing trade to push us back up and retest the 539 range. That's how strong of a level this is. Now, with uh price action staying sticky, like glue to this area, the more and more we hit these levels like illustrated on the chart of silver, like illustrated on the chart of Oracle, say if we continue to consolidate right here on this 50% area, the parallel, the next level of support is at 4.88 88 and 21 cents, which would then mean Dell is back down in the lower 50% area of this parallel channel.