Long
$VMW potential bottom (3/5)
Conviction: 3/5
likely (40%) to go down more to touch lower trend line support (2008)
General Thesis
Growth
Value
Fundamentals & Balance Sheet
Potential Risks
likely (40%) to go down more to touch lower trend line support (2008)
General Thesis
- potential bullish div on weekly RSI @ oversold levels
- could go down more to touch lower channel support (2008)
- hovering long-time resistance / support line from peak of 2007, which was broken by covid panic
Growth
- Gross margins high (82%), but decreasing since 2017
- Revenue growth about historical average (11%)
Value
- P/FCF below average
- P/S below average
Fundamentals & Balance Sheet
- low debt to asset (<1)
- quick ratio good (>1)
Potential Risks
- RSI-W not oversold yet
- expensive P/FCF
- another leg down for bullish divergence
- another leg down to touch lower trend line support
Note
seems to have put in 5 waves up... looks more promising
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.