Dell Technologies’ stock (DELL) inched down in the intraday levels while gathering positive momentum to rise again, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, coupled with positive divergence in the RSI after reaching oversold levels compared to the stock’s movements, sending out positive signals. 

Therefore we expect the stock to return higher and target the resistance of 131.00, provided the support of 104.66 holds on.

Trend forecast: Likely Bullish