When VMWare Inc. $VMW fell from a double top at the end of May, I marked $168 to $170 as a key support area. VMWare Inc. (VWM) - Anticipating Support at $170; Pulling Back Despite Earnings BeatWhile there was some initial support here, the price action is reflecting bearish control and potential of breakdown if price tests this support area again.VMW Daily Chart(click to enlarge)Price Action Hammering Support:- As we can see on the daily chart, price fell sharply before stabilizing a bit around $170.- However, after a few relatively bullish tentative sessions price held under $180.- Then we got two engulfing types of bearish candles that wiped out those four sessions of gains.- This dynamic suggests bears are still in charge.- Therefore, I think the $168-$170 area is now vulnerable. - A break opens up the $150 mark. - The $130-$134 area is also a key support/resistance pivot. If price falls back to $130-$134, we are probably looking at a significant period of consolidation ahead with a lot of uncertainty to weather the prevailing bullish trend will continue.- A hold above $150 on the other hand would show respect to a rising trendline from 2016, and would suggest more likelihood of the secular bullish trend continuing. - Lastly, if price does break below $168-$170, we should look at this area as potential resistance. This area acting as resistance would further confirm the bearish outlook at least in the short to medium term (within a year).