August 9, 2012

CSCO Chart update


 
  • CISCO is showing good upward momentum But price is moving towards resistance levels.
  • The unfilled space between 17.63 - 18.48 may act as resistance.
  • 100 Day SMA and the weekly Middle bollinger band at 17.61 will also try to stop bulls from making a bigger up move.
  • PCLN BEAR FLAG BREAKDOWN



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