21.12.2015 - We are waiting for a signal on the shares of Cisco

Stock price of Cisco has not been able to overcome the sloping line of resistance and continued to decline within the local downtrend channel. In the near future the price with a high probability will reach the support at 26.00 and its overcoming will be a signal to continue the reduction of the price to 24,50-25,00. On the other hand, consolidation above 27.00 will be a signal for opening long positions with the targets at 28.50 and 30.00. We are waiting for the signal for opening positions.

Cisco SYS Inc Graph

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