April 21, 2013

CISCO Weekend update


  • CISCO Weekly chart shows a bearish MACD Signal.
  • For bearishness to extend price has to break below the 38.2% Fib level which is acting as support as shown in second chart.
  • If price sustains below 20 Week SMA it should move towards the lower bollinger band or the rising support line shown in last chart.
  • APPLE POSITIVE DIVERGENCE
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