Cisco Potential Recovery Ahead

12 בנוב׳ 2013

Cisco shares breaking higher, as price may be heading to resume the overall long term bullish trend. After testing its main ascending trend line, price has broken a classic falling wedge bullish pattern, key horizontal resistance around 23.40, 23.40 is also a neckline for Adam and eve double bottom pattern. Targets and technical notes outlined on chart.