Cisco Systems is developing a very nice classic bearish bat pattern. Should the stock reach the price of $25.92, I might consider shorting the stock. make sure the stop losses are properly place above "x" and target 1 and 2 at 61.8 retracement and 38.2 retracement respectively. The stock might even retrace to $20.28 if Cisco Systems miss the analyst estimates
Enjoy the rest of the week traders $20.31
Enjoy the rest of the week traders $20.31