dow is testing its 200 moving average today. look at how vmw holding nice support around 88, while indexes went further down. we are buying more. first pack we sell might be around 96-97. Stock sill be forming a channel for a while between 87-88 and 96-97 so we are acting accordingly.
it is around the 50 days moving average which is today around 88.88. Market also testing today critical support levels. We are expecting that vmw will finish above that moving average and near the top of the day, but could be that market is going much lower and this one as well. In any case 50 days moving average provides good support and vmw in the past bounced back. in our opinion the market will finish up this week and vmw shall finish near 96 or 94 this week.