Dicker Data is an Australian wholesale distributor of computer hardware, software, and related products. It distributes products from major vendors such as Cisco, Citrix, Dell Technologies, Hewlett Packard, HP, Lenovo, and Microsoft.
“The share price peaked back in 2021 with every other technology-related stocks,” Michael said.
“However, recent price action indicates that it’s ready to head higher again.
“DDR formed a nice base during February to August.
“It then broke free of that at the end of August on high volumes before consolidating the move by trading sideways in a symmetrical triangle.
“All this price action is very bullish, and DDR is now starting to break higher again.
“This is a classic buy signal for those looking to invest in Dicker Data,” Michael said.
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