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Homyk Registered Apr 2011 |
Cisco (CSCO) 10 Years
Cisco (CSCO) 1 Year 
On the 10 year chart we see that Cisco has been moving in a relatively flat bullish slope for many years, and a bearish channel the past year. It has recently broken through this major channel on the downside. This should indicate that a major bearish trend is/has been forming for Cisco. On the 1 year chart we see that the bears are currently overextended and the bulls are testing heavy resistance from the major channel at this exact moment. If the major channel isn`t reentered within the next day it might be a good place to enter Cisco on the short side. Comments are welcome as always 
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