VMware breaking its 200sma - beware...
Updated
I am looking to enter a position in VMW, as it just crossed the 200SMA with good volume, and an uptrend RSI and OBV.
They report earnings November 26th, 2019; after hours. So be aware of the event. We will get a better understanding of how much it will move closer to earnings.
CIBR, which is an ETF of cyber-security is trending higher.
Analysts have a bullish fair value around $194.
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The COMPX (Nasdaq Composite) has strong technical RSI and OBV as well, but there was a bearish flash warning called the Hindenburg Omen, activate recently. Basically it means, that while there are many stocks near all-time-highs, there are also as many at all-time-lows, which is seen as a bearish indicator.
So I recommend a balance between tight stop-limits as well as selling at least 50% when we reach the first profit-exit goal.
They report earnings November 26th, 2019; after hours. So be aware of the event. We will get a better understanding of how much it will move closer to earnings.
CIBR, which is an ETF of cyber-security is trending higher.
Analysts have a bullish fair value around $194.
***
The COMPX (Nasdaq Composite) has strong technical RSI and OBV as well, but there was a bearish flash warning called the Hindenburg Omen, activate recently. Basically it means, that while there are many stocks near all-time-highs, there are also as many at all-time-lows, which is seen as a bearish indicator.
So I recommend a balance between tight stop-limits as well as selling at least 50% when we reach the first profit-exit goal.
Note
If we close below the 200sma, we could see a pullback.Would not enter a new position below the 200sma.
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