Dell Technologies $DELL is an American corporation, one of the | 🚀 Robin Rocket

Dell Technologies $DELL is an American corporation, one of the largest companies in the field of computer production.

The current year has turned out to be successful for DELL due to the continuing demand for PCs. Despite the fact that many are returning to work in the office and school, hybrid solutions are still in demand.

The company announced its separation by the end of 2021 of VMware, a virtualization software developer, in which Dell owns 81% of the shares.
Considering the size of Dell's stake in VMware, the former will receive about $9.3-$9.7 billion. Dell shareholders will receive about 0.44 VMware shares for each of their shares.

Technical picture:
• After hitting a low of $33 during the pandemic, $DELL shares have tripled. The stock rallied throughout 2020 and traded at$ 71-73 in early 2021.

• In mid-April, shares reached $103 and went into consolidation at $97-99.

• In June, the security again renewed its all-time high at $104.6, then dipped to the $95-96 area.

• At the moment, the security is holding in the convergence zone of the 20-day and 50-day simple moving average - $97.7 per share, which creates some difficulties from a technical point of view.

Dell Technologies $DELL
• Support Level - $95
• Resistance level - $105
• Take profit - $105
• Stop Loss - $95

Not an investment recommendation.