July 25, 2012

CISCO Chart analysis

  • Cisco daily chart shows price resistance at 50 Day SMA and a Range breakdown.
  • Weekly chart crucial touch down at 78.6% Fibonacci level. Breaking this level could take CSCO towards the support levels shown in monthly chart.
  • Month chart shows a descending triangle pattern with crucial support between 13.30  -  13.63 zone.
  • S&P 500 ANALYSIS AFTER CLOSE



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