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Trade Setup Dell Inc. On RSI Negative Divergence

Interval: Daily

trade-setup-dell-ris-negative-divergence-22.03.2013
The price of Dell Inc. has reached an important resistance area. Near this cluster,  formed of a good resistance level (14.50) and 61.8 Fibonacci retrace of the trend, the RSI 28 has entered in the overbought zone and made a negative divergence.  If the price will fall under the 14.00 level, will confirm the RSI signal,  we may expect a downfall back to 12.50 where it will find a better support.

Confirmation level: 13.93

Take Profit: 12.58

Stop Loss: 14.51

Trade Setup Dell Inc. On RSI Negative Divergence by
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