CSCO created an ugly gap a short while ago due to an earnings report, however I feel investors overreacted so I placed buys down there. Volume at the bottom was excellent and we got a nice wick on daily.
With volume increasing, I think that CSCO is now ready to move back up towards the sell zone, or to at least fill the gap.
Fundamentally speaking, I think companies with interests in cybersecurity are huge buys right now - we have been seeing a web startup bubble - but cybersec is still relatively new and has a lot of room for growth IMHO.
With volume increasing, I think that CSCO is now ready to move back up towards the sell zone, or to at least fill the gap.
Fundamentally speaking, I think companies with interests in cybersecurity are huge buys right now - we have been seeing a web startup bubble - but cybersec is still relatively new and has a lot of room for growth IMHO.
Comment:
EDIT: gap was due to bad earnings forecast and other announcements, not due to bad earnings report.
Trade active:
Already in CSCO from a few weeks back and also opened a CFD leveraged position thismorning. Good luck!