by chanakya » Thu May 30, 2013 4:16 pm
Your CSCO studies prompted me to see what Smartp Strategy Grid says for this stock.
Please find attached.
SECULAR BUY is issued at > 25 WEEKLY/MONTHLY CLOSE for CSCO.
However, given the current status of all lower wave degrees 25 is the first target it is aiming for and it could prove to be a decent resistance for now.
Good luck!The attachment 20121218 SSG CSCO.png is no longer available
A target set on 12/18, STOP never messed and we hit 24.68 today and now at the big resistance for CSCO at 25 even. A monthly close > 25+ = secular degree BUY. I will have to update the Smartp Strategy Grid to establish the STOPS, Targets and S/R. Let me know if anyone is interested