Monday 25 November 2024 (06h31)
Take Profits on Dell Technologies (DELL)
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Real-Time: 19h07 (South African Time) / U.S Trading Session
Just over 12 months ago I presented Oracle Corp as a buy/long opportunity.
Over the period, the share has proceeded to print all-time highs at $162 from the suggested entry of $117.
DELL Technologies is a beneficiary of the boom in Artificial Intelligence (AI) and the pullback offers an opportunity to participate in a potential new leg higher.
Buy Idea
Entry at $112.15
Targets: $132.55 and $152.92
Stop-loss: $90.43
Reference: Buy Oracle Corp (18 July 2023)
I also re-iterated my view in January of this year as the share retraced to $106.
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