The breakout of Cisco Systems Inc. through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of Cisco Systems Inc. to test 39.47 within the next 11 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing support twice in the past, Cisco Systems Inc. has finally broken through. Can we expect a bearish trend to follow?
