Ticker:
- CSCO
Topic:
- My good friend request me to put up my 2 cents feeling on CSCO. He would like to see what I am going to say about CSCO.
Lesson Learnt:
- Weekly chart shows that there are about 5 BIG DROPS so far when it falls from the top. Maybe (just maybe) there is no more BIG DROPS coming. If there is another BIG DROP coming, it should fall to $14.00
- Daily chart shows good triple bottom is forming.
- Intraday chart shows that the price is still bound by the trend line and currently still below the 20MA line.
- Safe and good entry will be between $17.00 to $17.20. The stop loss point should be between $16.80 to $16.90. However the drop can be another gap down like what happened so many times before.
| Intraday Chart |
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| Historical Chart |
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