Dell expected to reach $600 soon; potential rise to 650-700 if trend holds.

The last currency we will conclude this video with is Dell. On Friday, Dell hit a new record high of 596, moving closer to its $600 target. I think this will happen next week. I see that as possible.

I say this because we now have an upward channel, and it has been hit by a third round of price action yesterday and today. Currently, there is no downward trend towards the trend line.

We are striving to close at a much higher level, around 565.

So, if the fluctuation continues within this trend line, Dell's stock price could rise to 650 or 700. Look for support if Dell's price falls back here, as it did last Thursday—when we dropped to the trend line we broke.

Look for this trend line now as support around 516 to 520.