27.08.2014 - Cisco Systems has left the rising channel
Cisco Systems’ stock price has broken through the lower boundary of the rising channel and is trying to fix below it. In case of success, the confirmation of a sell signal will be fixing the price below the local minimum near 24.35. Target levels in such case will be 22.85 and 21.40. Growth is limited by a strong resistance level at 26.00 above which should set a stop. We expect a drop in prices of the company in the near future.