- Technical Analysis & Commentary -

April 1, 2010 (FinancialWire) (By Frank Kollar) — Shares of Dell Inc (NASDAQ: DELL) had a bullish breakout by rising well above a declining trend resistance line and closing well above it on March 17.

That declining trend line was created with four consecutively lower daily highs reached since reaching a closing rally high back on September 16, 2009 at $16.92. Drawing a line between these highs, end extending it to the right side of the chart; you get a declining trend resistance line. The dates of these highs are; Sept 16, 2009, Nov 18, 2009, Jan 12, 2010 and Feb 18, 2010.

Since the breakout Dell has risen almost 5%.

Dell has further to go on the upside before reaching its next resistance level. This is the 61.2% retracement, at $15.45, of the September to December decline in prices. That is another 3% in likely gains.

If $15.45 is surpassed, Dell will probably run to at least $16.00 a share, the November rally high, and could reach its prior rally highs, and could reach the $17.00 level in coming weeks or months.

Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 and 2008 bear markets, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.

Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.

Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.

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Disclosure: The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy holds a position in Dell Inc.

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