Double Top pattern 4hrs Entry 215 Stoploss 220 Target 187 160
Dow shown reversal in day time frame use the below trend line for support every dip is a buy until it breaks
On Daily Basis: IXIC ( NASDAQ ) is currently facing a strong resistance at 12600 and also the retracement of the fall which could be D Impulsive wave. 200 DMA is at 13570, another resistance. Level of 12600 is 50% retracement of C Impulsive wave down and currently it has closed just above at 12658. RSI made a double bottom on weekly basis and turned its trend...
* 0.886 XABCD * RSI divergence on 4 HR * Bollinger squeezed on 1HR * strong july support 334$ * HEIKIN ASHI DOJI candles on 4HR * ADX abv 50
Cisco forms an important and effective part of corporate industry as well as educational industry. World is getting back at its feet, so is their business. Current cyclical change visible on Earnings released with better margins. Technically, Buy Cisco at CMP - 58 With target of 63/68. Time frame - 3-4 Weeks.
After locking a new ATH stock needs some correction to refuel to further continue the journey. One can short once the trend line is broken for the support levels as the targets with the strict stop loss.