Bullish Alternative Bat.
There are 2 bottoms with price very close to each other. ( stars) There is another slightly lower bottom at 104.72. Possible stop under one of these bottoms or where you see support.
PE 16.08 EPS 7.21. Short interest is 3.84%.
Appears to have formed a Bullish Bat , the deeper bat known as an alternative bat as it pulls to the 1.113 on the final leg versus the .886. Bats can look like a double top and appear as a an M or a slightly crooked M.
No recommendation.
3 outside down is a bullish or bearish candle pattern and the 2nd engulfing candle can signal a possible 1 more day down. This is not a usually a short term pattern. This pattern consists of a first green candle that is engulfed, or the body of the first candle is swallowed by the 2nd candle. The third candle is another red candle and is confirmation of the engulfing candle. Often this will be the end of the sequence, but of course it just depends. This is not at the top by a long shot, but when I see a bearish engulfing candle and I am looking to buy, I usually wait at least until the next day as there is a good chance it will be another red candle. Spinning top so far today, a candle of indecision.
If this second candle were a bearish harami and the third candle was red, it would be called 3 inside down.
VMware, Inc. provides software in the areas of hybrid and multi-cloud, modern applications, networking, security, and digital workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer and utilizes its hypervisor software, a layer of software that resides between the operating system and system hardware to enable compute virtualization; vSAN and VxRail, which offers holistic data storage and protection options to all applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a hybrid cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise-ready cloud infrastructure for private and public clouds. The company also provides networking solutions, such as VMware NSX, VMware Service-defined Firewall, VMware SD-WAN, VMware SASE, VMware vRealize Network Insight, and VMware NSX Advanced Load Balancer; digital workspace solutions that comprise Workspace ONE Unified Endpoint Management, Access, and Horizon; and application modernization solutions, such as Tanzu Basic, standard, and advanced edition, Tanzu Application Service, and Tanzu Labs. In addition, it offers intrinsic security solutions consisting of VMware Carbon Black Cloud Endpoint and Workload. The company sells its products through distributors, resellers, system vendors, and systems integrators. VMware, Inc. has strategic alliances with Amazon Web Services to build and deliver an integrated hybrid solution. The company was incorporated in 1998 and is headquartered in Palo Alto, California. As of November 1, 2021, VMware, Inc. operates independently.
There are 2 bottoms with price very close to each other. ( stars) There is another slightly lower bottom at 104.72. Possible stop under one of these bottoms or where you see support.
PE 16.08 EPS 7.21. Short interest is 3.84%.
Appears to have formed a Bullish Bat , the deeper bat known as an alternative bat as it pulls to the 1.113 on the final leg versus the .886. Bats can look like a double top and appear as a an M or a slightly crooked M.
No recommendation.
3 outside down is a bullish or bearish candle pattern and the 2nd engulfing candle can signal a possible 1 more day down. This is not a usually a short term pattern. This pattern consists of a first green candle that is engulfed, or the body of the first candle is swallowed by the 2nd candle. The third candle is another red candle and is confirmation of the engulfing candle. Often this will be the end of the sequence, but of course it just depends. This is not at the top by a long shot, but when I see a bearish engulfing candle and I am looking to buy, I usually wait at least until the next day as there is a good chance it will be another red candle. Spinning top so far today, a candle of indecision.
If this second candle were a bearish harami and the third candle was red, it would be called 3 inside down.
VMware, Inc. provides software in the areas of hybrid and multi-cloud, modern applications, networking, security, and digital workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer and utilizes its hypervisor software, a layer of software that resides between the operating system and system hardware to enable compute virtualization; vSAN and VxRail, which offers holistic data storage and protection options to all applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a hybrid cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise-ready cloud infrastructure for private and public clouds. The company also provides networking solutions, such as VMware NSX, VMware Service-defined Firewall, VMware SD-WAN, VMware SASE, VMware vRealize Network Insight, and VMware NSX Advanced Load Balancer; digital workspace solutions that comprise Workspace ONE Unified Endpoint Management, Access, and Horizon; and application modernization solutions, such as Tanzu Basic, standard, and advanced edition, Tanzu Application Service, and Tanzu Labs. In addition, it offers intrinsic security solutions consisting of VMware Carbon Black Cloud Endpoint and Workload. The company sells its products through distributors, resellers, system vendors, and systems integrators. VMware, Inc. has strategic alliances with Amazon Web Services to build and deliver an integrated hybrid solution. The company was incorporated in 1998 and is headquartered in Palo Alto, California. As of November 1, 2021, VMware, Inc. operates independently.