CSCO Death cross ?

I hope you held your horses in the stables, as I mentionned before. (and Yes, you do have to scan your previous analysis regularly, as an elementary building block in becoming a better trader.)

The death cross occured, have we  entered a downtrend ? If the support of 21$ gets broken, we are heading for 18$.

So, wait for the 21$ support to hold. If we can get back to 22$, a turnaround might be possible. Cisco is a great company, with expansion all over the world and in their business model.  But the market is allways right, so no horseriding so far 🙂


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