In this Point and Figure chart of VMW, below, we can see a potential downside price target of around $122. If reached, this target would break the hoped for support at $130. We'll see.
Bottom-line strategy: VMW is stretched to the downside but that along with a quant upgrade may not be enough to generate a turnaround. I don't like to catch a falling knife, as they say, so let's watch this one closely.