DELL versus ORCL

Question: Hey Steve, would you consider DELL at these levels or does ORCL look better?

Both DELL and ORCL are positive, but we're leaning toward DELL since its recent upside breakout from a bullish consolidation pattern suggests more upside potential than the setups on ORCL.

Details below...

Dell Technologies (DELL): Bullish breakout targets 193 and 218

DELL has broken out from a mid 2024-late 2025 bullish consolidation pattern. Sustaining the rally above 147-142, which reverses its role to key support, favors strength back to the May 2024 peak at 179.70 and then onward toward 193 (100% extension level) and 218 (bullish consolidation pattern target).

The initial breakout tested the 61.8% extension at 164, but the pattern remains bullish for DELL above the 140s.

A bullish shift for DELL relative to the S&P 500 confirms the positive absolute price pattern highlighted above.

Chart 1: Dell Technologies (DELL) (top) and relative to the S&P 500 (bottom)

Oracle Corp (ORCL): Bull flags target 360 to 397

ORCL continues to trade within strong absolute and relative uptrends. The June breakout above 198 projected to 279, a target reached in mid-September. The stock maintains additional upside potential, supported by a breakout from the early August–early September bullish flag that projects to 360, and a developing mid-September bullish flag setup that would target the upper 390s.

Key tactical support stands at 271–265, defined by the last higher low and the rising 13-week moving average.

Chart 2: Oracle (ORCL) (top) and relative to the S&P 500 (bottom)