Building out diamond reversal pattern
CSCO 30 minute time frame, building out a diamond reversal pattern. Pull back today on below average volume. Looking for a breakout up tomorrow. Once it clears 46, look for a gap fill up to about $47.50. This may not move as fast as market momentum leaders, but it does pay a dividend and tracks the NASDAQ index very strongly. If you think the market is going up regardless, this makes a nice hybrid value/dividend/ tech play.
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