Cisco Systems, Inc.Short
CISCO Possible bearish trade, Break Out volatility
The title has reached the 2007's top, and it has tested it three times.
Volumes are in downtrend.
Monthly Chart:
Weekly Chart:
Daily Chart:
We can wait the break out of the congestion for open a short position. Stop Loss above the resistance, take profit like in the image.
Of course, if the price overtakes the resistance's line we can open a long position and follow the trend.
Volumes are in downtrend.
Monthly Chart:
Weekly Chart:
Daily Chart:
We can wait the break out of the congestion for open a short position. Stop Loss above the resistance, take profit like in the image.
Of course, if the price overtakes the resistance's line we can open a long position and follow the trend.
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