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My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
November 6, 2013
CISCO Bullish price action
- Cisco daily chart managed to close above the down trend line and 200 Day SMA. Next resistance is at the 50 Day SMA. Closing above the 50 Day SMA and a weekly close above that level should start a bigger up move in CISCO. For bears of CISCO need the weekly trend line to break which is less likely to happen.
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