Today's sudden spike to 15% highs can be attributed to the circulating rumor of a CSCO merger. Regardless of whether that's true or not, the technicals are screaming that this is a buy. Upcoming earnings and a huge gap which needs to be filled to the $120 area. We are long and extremely bullish on this trade.
Trade active
Above the ichimoku cloud. If the markets cooperate, we could see a violent move to the upside to fill the gap up to the $120 area as soon as 2-3 weeks.
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