VMO Emerging Mkt recovers multi-year pivot since 2008;What next?

AMEX:VWO   Vanguard FTSE Emerging Markets ETF
Thw low may be in for VMO now that it recovered from the 45 multi-year pivot & also from the Anchored VWAP from pandemic low.
If 45 do not hold, VWO may still go down to the 39 to 40 zone for a bottom.
Not trading advice