Csco wedge to 52
Oversold , has been falling hard with the dow jones since earnings beat.
Bounced friday on trendline support at 50sma (Purple wave).
Even though Csco is a tech company it like Intel moves more in sympathy with Dow jones instead of Nasdaq. They both are part of dow 30.
I feel like the dow will bounce this week and if it does look for a 5% move here
Bounced friday on trendline support at 50sma (Purple wave).
Even though Csco is a tech company it like Intel moves more in sympathy with Dow jones instead of Nasdaq. They both are part of dow 30.
I feel like the dow will bounce this week and if it does look for a 5% move here
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