CSCO - Weekly chart in exhaustion range
1. Fortune_TD, Fortune Banker trend, Fortune Crown stage:
Analysis on weekly chart
03 Oct 2022, Fortune TD 13 show the trend exhaustion range, the green bar shows this is a potential share pull back.
03 Oct 2022, Fortune Crown security line is at bottom, still going down, there is no red dot yet.
03 Oct 2022, Fortune Banker trend, green line shows the banker chips flow in, but the short money still not yet gold cross its 5 days average.
2. Potential opportunity:
waiting for the share price break out the green bar high 42.25.
3. Summary:
Based on above analysis, the share price is downtrend in daily and weekly chart, so using weekly chart to identify the bottom area instead of using weekly chart.
Disclaimer : no recommendation of buy/sell, purely for TA learning and sharing.
Analysis on weekly chart
03 Oct 2022, Fortune TD 13 show the trend exhaustion range, the green bar shows this is a potential share pull back.
03 Oct 2022, Fortune Crown security line is at bottom, still going down, there is no red dot yet.
03 Oct 2022, Fortune Banker trend, green line shows the banker chips flow in, but the short money still not yet gold cross its 5 days average.
2. Potential opportunity:
waiting for the share price break out the green bar high 42.25.
3. Summary:
Based on above analysis, the share price is downtrend in daily and weekly chart, so using weekly chart to identify the bottom area instead of using weekly chart.
Disclaimer : no recommendation of buy/sell, purely for TA learning and sharing.
Comment:
oh yeah, keep going up, gain more money
