AnnabelleTrader

Stock Chart Test For $VMW. Watch This One

NYSE:VMW   None
5
VMware, Inc. (NYSE:VMW) is making an strong attempt at breaking major resistance on the chart from 2015. However, so far it is failing. Investors need to play this correction. As long as the stock stays below $92.50 on a closing basis, investor should be cautious or even bearish. If it breaks above that level, VMware, Inc. (NYSE:VMW) becomes a bullish breakout and can surge over $100.00. Aggressive investors can even be short as long as the stock stays above that $92.50 level. The downside is solid if it fails to breakout, to a target of $80.00

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.