fredpui

CSCO Breakout

Long
fredpui Updated   
NASDAQ:CSCO   Cisco Systems, Inc.
Aug 3 - seeing CSCO breaking out of 55.40 and this is a positive sign.

Could be worth going long on this one ... it's sitting right above the EMA8 very bullish sign. With tech companies reporting strong recently and we could only expect CSCO to do the same .
Comment:
Aug 4 - CSCO retraced and sitting on the support line @55.40 - old resistance becomes support

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