Cisco share was able to breach the resistance after it opened the week's trading with a gap and settled in trading above the 38.48 resistance level, thus giving the stock an indication of the end of the bearish path and the start of a new bullish path.
The trades stabilized …
The descending H1 level pattern is truncated (presumably a wave B of the H4 level ascending pattern). Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.
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Trading recommendations:
Buy when an ascending wave pattern is …
Wednesday, November 11th, today’s news—combined market value of Chinese tech giants dropped $250 billion, Asian markets are mixed. In Europe and the US, the markets rise on the new vaccine optimism, though experts warn that no immediate recovery is possible, gold is up, new stimulus hopes in the US. The …
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