Is VMW done correcting!?
VMW took a big tumble with over 20% drop from the ATH over the last 2 weeks. It seems to have found its bottom at around 166ish. It is very oversold on the Murrey's channel. The Master MACD is indicating it is beginning to recover. The Alpha-Omega Volatility also indicates an overall shift to bullish volatility. Warning and UP has also appeared to help confirm a change in direction. A double bottom seems to have also been set.
Overall VMW is still in a strong uptrend on the longer time frames. This was a much needed correction with people taking profits.
-faulkin
Overall VMW is still in a strong uptrend on the longer time frames. This was a much needed correction with people taking profits.
-faulkin
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