October 27, 2013

CISCO Support and Resistance lines

  • Cisco weekly chart shows price testing the up trend line and 50 Week SMA. Bullish weekly candle here could confirm a reversal.
  • Daily chart shows price trading below the crucial 200 Day SMA so the stock continues to look weak and a Bullish reversal can be confirmed only if price starts to sustain above the 200 SMA and the falling resistance line shown in last chart.
  • ES Ascending Triangle

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