Cisco rangebound trade setup CSCO
Updated
Cisco has been rangebound trading for some time. The daily chart shows a resistance around 48, slightly under the volume poc. The 2 hour chart confirms it. Expect price to touch 46.78 with a potential sell off down to 46.1 or farther.
Note
entering the top of the rangebound area. look to see if it breaks out of $47.81
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.