Up sloping flag pattern on CSCO's Daily chart, and currently at resistance. We should see a spike up really soon.
Target profit 1 is $52, next resistance.
Target profit 2 at $54 is unlikely. However, if buying pressure proves to be strong, then this is the next resistance.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Target profit 1 is $52, next resistance.
Target profit 2 at $54 is unlikely. However, if buying pressure proves to be strong, then this is the next resistance.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Comment:
no spike up but setup still valid
Comment:
$0.60 shy of target profit 1.
If today ends up a shooting star candle pattern, then i'll look to exit the next day
If today ends up a shooting star candle pattern, then i'll look to exit the next day
Comment:
Target profit 1 hit!
Heading towards target profit 2
Heading towards target profit 2
Trade closed: target reached:
Price seems to be slowing down.
Target profit 1 hit but may not reach TP2.
Target profit 1 hit but may not reach TP2.