VMW looks like it needs some time to cool off here.
While this is on low bearish volume. The larger time frames
seems to indicate we should see more red in the coming days.
(this is bearish only for a few days, we should see more and more buyers as we get lower).
Targets:
Target 1: 139.35
Target 2: 137.60
Target 3: 134.80
Target 4(extreme 1): 129.40
Target 5( extreme 2): 123.60
Stop: 145.00
Best of Luck,
--d0x
While this is on low bearish volume. The larger time frames
seems to indicate we should see more red in the coming days.
(this is bearish only for a few days, we should see more and more buyers as we get lower).
Targets:
Target 1: 139.35
Target 2: 137.60
Target 3: 134.80
Target 4(extreme 1): 129.40
Target 5( extreme 2): 123.60
Stop: 145.00
Best of Luck,
--d0x
Trade active:
Entered at: 139.23.
Missed the first target.
Stop moved to 140.50.
Missed the first target.
Stop moved to 140.50.
Comment:
Should be noted it did close below the nine day moving average.