Dell Technologies retreats from resistance at $44.98

• Upward momentum including 0.4% gain insufficient to breach pivotal resistance level at $44.98
• 'Bullish Harami' is a candlestick chart indicator used for detecting reversals in an existing bear trend. It is generally indicated by a small price increase that's contained within a broader downward price movement and is commonly associated with a bearish trend coming to an end.

Dell Technologies is in the midst of a 5 day downtrend. A possible change of direction spotted from today; generally flat but with a slight bullish bias, Dell Technologies ranged between $44.45 and $45 before closing higher at $44.94.

Dell Technologies hit a significant low of $33.77 around 7 months ago, but has since recovered 32.54%.

Today's price action generated a Japanese candlestick pattern showing 'Bullish Harami' is a candlestick chart indicator used for detecting reversals in an existing bear trend. It is generally indicated by a small price increase that's contained within a broader downward price movement and is commonly associated with a bearish trend coming to an end. Visual analysis of Dell Technologies's chart shows that Dell Technologies reversed direction at $44.98 resistance zone and retreated back 4 cents below it.

Fundamental indicators – United States TIC Net Long-Term Transactions (Mar) released today at 20:00 UTC with a figure of 133.3 billion, while the previous figure was 56.6 billion.

A look at other technology stocks also showed bullish price action as Applied Materials traded at $121.11 after closing today's trading day at $116.09 (up 4.32%). Intel traded at $29.8 after closing today's trading day at $28.95 (up 2.94%). Adobe was up 3.05%.

Upcoming fundamentals: United States Retail Sales is projected to outperform its last figure with 0.7%. It previously stood at -0.6%; data will be released tomorrow at 12:30 UTC.