slybandit247

slybandit247

You can see the resistance, downtrend had been getting less and less steep, while each time there is a low point there is a lot of Volume. Also, the upward trend is starting to increase as well. NASDAQ:CSCO is undervalued IMO. Their equipment is in every major company and they are not held back by the chip shortage since they produce different products.

slybandit247

I think it is obvious by now, but sometimes a break-out can reverse just as quickly, but this pattern is a Megaphone Bottom. It suggests, after large ups and downs in a stock's price, that the outlook is now Bullish after the price breaks above and beyond the Second Peak (4/29-30). I grabbed a $93 Call this morning at open and by close, it had doubled in price....