Dell Technologies has entered a new upward phase after completing a three-leg correction and breaking out of a descending channel. The weekly chart reveals a strong Elliott Wave pattern, indicating a long-term uptrend. <\/p>\n
The stock completed a major wave III and subsequently went through a wave IV correction, marked by a double three pattern within the channel. This correction reached a support zone at the blue box, between $71.42 and $45.61, a key area for reversals. <\/p>\n
The stock rebounded from this zone, signalling the end of wave IV and beginning a new five-wave sequence in wave V. Currently, Dell approaches the end of wave ((1)), with a final push expected following a wave ((2)) pullback. As long as prices remain above $66.34, the bullish outlook continues. <\/p>\n
The stock\u2019s completion of a three-leg correction, adherence to the red channel, and breakout from the blue box suggest a fresh upward cycle has commenced.<\/p>\n
Dell Technologies appears to have completed a major corrective phase, what we identify as wave IV. This move found a bottom within a key Fibonacci support zone between $71.42 and $45.61. The sharp rebound from this area signals that a new bullish impulse, wave V, is now underway for the stock.<\/p>\n
For the coming weeks, we anticipate a short-term pullback as the initial rally, wave ((1)), likely finishes its course. This expected dip, labeled wave ((2)), will offer a more strategic entry point for new bullish positions. Derivative traders should therefore practice patience, as buying into the peak of this first move is less than ideal.<\/p>\n
This technical outlook aligns with strong fundamental tailwinds, especially after Dell\u2019s last earnings report in September 2025 showed a 32% year-over-year increase in AI server shipments. Market sentiment is also bullish, with options data from last week showing a notable uptick in call buying for the January 2026 expiration dates. These factors support the view that institutional money is positioning for higher prices.<\/p>\n
Considering the anticipated dip, selling cash-secured puts with strike prices near the $75 level could be an effective strategy to collect premium while waiting for a better entry. Alternatively, traders can wait for the pullback to stabilize before buying call options dated for March 2026 or later. This provides enough time for the larger wave V to develop without suffering significant time decay.<\/p>\n
We must remember the stock\u2019s choppy, downward-trending price action for most of 2025, which formed this entire corrective pattern after the powerful rally seen in 2024. All bullish strategies should use the $66.34 price as a critical stop-loss or invalidation point. A sustained break below this level would indicate that the wave IV correction is not yet complete.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dell enters bullish phase, completing correction and launching wave V, with strong support above $66.34.<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-33268","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/33268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=33268"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/33268\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=33268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=33268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=33268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}