CSCO about to spike up!Up sloping flag pattern on CSCO's Daily chart, and currently at resistance. We should see a spike up really soon.
Target profit 1 is $52, next resistance.
Target profit 2 at $54 is unlikely. However, if buying pressure proves to be strong, then this is the next resistance.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!