Trade Overview Profit Target = 50% fib retrace (around $142) Exit signal = Close trade if price closes above $155 Rationale: - VMW in triangle consolidation pattern (possible continuation pattern) - Price resistance at $155 (hence using a close above this point as the exit signal) - Failure to breakout of 1 ATR channel - Moving averages clearly indicating a...
I fair conviction in the fundamentals of VWM good sales growth over the quarter, good earnings yields, etc. I think that the acquisitions of pivotal and carbon black could be good for inorganic growth leading to better inhouse management www.wsj.com manage your own risk gl hf xoxo snoop
hasn't boomed as much as comparable tech/ cloud companies - can move up if volume ramps target is $35 for next few months
VMW lagging behind ANSS similar strengths, give it time
VMW price going with trend line. Possibly will go long. wait for 123 pattern for conformation. I also watching this one .
$VMW clearly broke out of the rising channel, failed to form a flag and now it ready to selloff lower.
1. $VMW formed daily strong reversal candle. 2. Insiders sold on resistance knowing something. 3. Rising bearish channel broken. 4. Tonight thousands will study $VMW chart and selling will happen from the start tomorrow.
VMW took a big tumble with over 20% drop from the ATH over the last 2 weeks. It seems to have found its bottom at around 166ish. It is very oversold on the Murrey's channel. The Master MACD is indicating it is beginning to recover. The Alpha-Omega Volatility also indicates an overall shift to bullish volatility. Warning and UP has also appeared to help confirm a...
3-6 Know what I like about issues that gap up on earnings? More often than not once the dust settles they tend to build a pullback pattern offering a lower risk entry vs chasing the gap. A lot of times they'll pullback to a support zone. As you can see that is what's happening with this issue. The blue lines are support zones for stop loss and risk management...