#TBI2025[20]: XPEV, DELL, IBM
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The second newsletter of the day is centered around the following stocks:
XPeng Inc. (NYSE: XPEV)
XPEV broke out from its descending triangle consolidation pattern in Nov'24 and has since trended upwards in an ascending channel (in purple) with higher highs and higher lows.
XPEV broke out of short-term resistance on the daily chart, which could see another leg higher to 25-25.27 (quarterly resistance) and 25.61-28.19 (weekly imbalance).
Should XPEV break down from its ascending channel, I am looking at 15.89-16.13 (monthly and quarterly imbalances) and 15.86-15.89 (quarterly imbalance) to the downside.
Dell Technologies Inc. (NYSE: DELL)
DELL has been trading in an ascending channel (in green) with higher highs and lows. The monthly stochastic is nearing a bullish crossover while DELL consolidates in a short-term descending channel (in red) with lower highs and lows.
DELL closed the week just below the quarterly resistance at 114.25. This is a key level.
Below this quarterly level, I'm looking at 104.66 (monthly support) to the downside, followed by the 95.84-101 (weekly imbalance) area. Above this quarterly level, DELL could yet reject at channel resistance. I would only be long-focused if it can clear the 114.60-116.26 (weekly imbalance) and channel resistance. If that happens, then DELL can push further towards 129.65-132.24 (weekly imbalance).
In the near-term, DELL could pull back into support, given the 4h bearish divergence on RSI as well as the bearish crossover on the stochastic.
However, the longer-term picture looks a lot clearer for DELL. That should be the focus!
International Business Machines Corporation (NYSE: IBM)
IBM has been trading in a marked up ascending channel (in green) with higher highs and lows since 1997. The monthly stochastic continues to creep higher as it enters extreme overbought territory.
The lower timeframes suggest more upside is imminent. The weekly chart closed with a bullish crossover on the stochastic, with the 1.618 Fib extension sitting at 292.64 to the upside. Here, I took the 2008 low of 66.38 as the 0 Fib and 2013 high of 206.22 as the 1 Fib.
Until IBM hits major Fib extensions, it will be difficult to call a major top or to expect a pullback. However, I'm watching the 239.35-246.54 area (monthly support) on any major pullback.
@TigerWire @TigerStars @TigerEvents @CaptainTiger @MillionaireTiger
$XPeng Inc.(XPEV)$ $Dell Technologies Inc.(DELL)$ $IBM(IBM)$ $Apple(AAPL)$ $Tesla Motors(TSLA)$
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- SiliconTracker·05-20XPeng hasn't been getting much attention lately.LikeReport