How to play CSCO ?

  • CSCO got hit pretty hard a few weeks ago
  • Bottoming seems to take place (channel, low volume)
  • We are oversold for a few weeks now (RSI < 30)
  • A move up is likely, but a good risk-reward level is the first trigger at 20
  • A second trigger, with huge potential to fill the gap is around 21.

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