$CSCO Faked Breakdown!
CSCO had two back-to-back inside days 9/9 and 9/10 and on 9/11 broke the previous day low (9/10) but was a fake breakdown and began to shoot up after 11:00am.You're currently viewing
CSCO on the 65minute chart.There are 6 bars per day on a 65m chart.
The stock is up 3.74% since Wednesday, 9/11 @ 11:00am.
I didn't take the trade but the calls are up from my previous
CSCO post:https://www.tradingview.com/chart/CSCO/d4tEd7zF-CSCO-Can-Go-Either-Way/
CSCO 50c 9/20 (0.25 -> 0.37) +48%CSCO 50c 10/18 (0.65 -> 0.90) +39%Price can either consolidate around the 0.28 fib, go higher to $50 or retrace back to 0.382 fib.
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