November 6, 2011

CISCO Weekly Resistance line

  • Up move of CISCO is taking a pause at the weekly resistance line.
  • Price is showing Negative divergence with MACD indicator in daily chart.
  • Price is staying above 20 SMA and 200 SMA which is giving some hope for bulls. But weekly resistance line is looking good for bears.
By at

2 comments:

  1. FffNovember 6, 2011 at 11:47 PM

    San Rally nice report about CSCO

    Here is our SPX EOD WEEKLY: our WEEKLY TIMING MODEL went to a SELL last friday 04112011.
    http://followmarketrend.blogspot.com/2011/11/spx-weekly-ind-weekly-timing-model-went.html

    ReplyDelete
  2. SanNovember 7, 2011 at 12:00 AM

    @Carlos Júlio
    Nice chart

    ReplyDelete

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