June 29, 2011

CISCO - Grave Stone Doji

  • CISCO has given a Grave Stone Doji pattern.
  • It's a Bullish reversal pattern. But needs price confirmation. In this case price movement is looking good for the bulls. Weekly close above the last weeks high will be good for bulls.
  • Second chart too shows a bullish pattern. Break of the resistance line can give a rally.
  • Price breaking below the grave stone Doji will favor bears

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