The official go shop period will end 5th Jul 2022. Broadcom has offered $142.50 to take over VMware, worth of $61b. At this current moment, there are >20% margin when the deal is sealed officially which might take 6-12 months. The only risk here would be if Broadcom is stopped for whatever reason, the share price might go to next support at around%98, or else...
It formed a C&H on 28 Jun, and successfully break out on 29 Jun with volume. RM5.25 will be the main support, and RM5.10 could be the next, or even average before CL. Resistance will be RM5.80.
