Interval: Daily
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 Razvan Mihai