CSCO has been struggling with a weaker short-term bottom formation that has gapped several times to form Island Gaps. CSCO recently failed to break to the upside against weak to moderate resistance above the current price. The reason is that the giant Buy Side Institutions are not quietly accumulating CSCO at this time.
Martha Stokes, CMT
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www.TechniTrader.Courses
Learn how to use the technical patterns of each market participant for better trade planning.