Thursday, May 15, 2008

The VMW chart


Action:
VMW recently broke its month long uptrend on may 7th and is now fighting against resistance area at 72. Tomorrow (may 16th) will be the decider. If indeed VMW breaks 72, 76 is a possibility.

The way to play this would be to buy it in the 72.5 region and put the stop under 72. Sure, this trade is just 5%, but it will show that the tech sector may have more legs.

Guess:
VMW fails to break the resistance. Lets see

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