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$VMW potential bottom (3/5)
Long
$VMW potential bottom (3/5)
By asdf098
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Updated
Feb 4, 2022
0
Cheer
Cheer
Dec 22, 2021
Conviction: 3/5
likely (40%) to go down more to touch lower trend line support (2008)
General Thesis
potential bullish div on weekly RSI @ oversold levels
could go down more to touch lower channel support (2008)
hovering long-time resistance / support line from peak of 2007, which was broken by covid panic
Growth
Gross margins high (82%), but decreasing since 2017
Revenue growth about historical average (11%)
Value
P/FCF below average
P/S below average
Fundamentals & Balance Sheet
low debt to asset (<1)
quick ratio good (>1)
Potential Risks
RSI-W not oversold yet
expensive P/FCF
another leg down for bullish divergence
another leg down to touch lower trend line support
Feb 4, 2022
Comment
seems to have put in 5 waves up... looks more promising
buy
december2021
Support and Resistance
Trend Analysis
asdf098
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