CISCO DAILY CHART
CISCO WEEKLY CHART
- Daily chart closed below 20 SMA. Trading above 20 SMA can give a buy signal in daily chart which can extend this bounce.
- MACD in weekly time frame is looking good for bears. MACD histogram is showing negative divergence. MACD lines have given a sell. Bears need price to close below 20 week SMA. Last weekly candle at 20 week SMA is looking good for a small bounce.
- BULLISH ENGULFING OF QQQ