Saturday, September 12, 2009

Csco backtested the breakout point at $22.6 and found support there, its next upside target is $25


Thursday, Csco broke above ascending triangle with good volume, which is bullish. Friday, it backted the breakout point at $22.6 and found support there. The ADX is indicating the uptrend is strong. And OBV just broke above the small range and supports the price breakout. It's short term bullish and next upside target is $25, stop: $22.5.

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