The breakout of Cisco Systems Inc. through the 48.65 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Cisco Systems Inc. to test 48.28 within the next 10 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
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After testing 48.65 numerous times, Cisco Systems Inc. has finally broken through. Can we expect a bearish trend to follow?
January 23, 2020 4:14 pm
