We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of the Cisco Systems, Inc. (CSCO).
I hope you are having a GREAT week !!!
This week I have, what looks to be, a Hot Stock Chart for you !!
CSCO was in a strong up trend, started consolidating, and then made a big gap up, which means supply over took demand in a big way which is bullish.
CSCO was on a daily and weekly green Trade Triangle before the gap up (daily and weekly Trade Triangles not shown on chart) and put in a monthly MarketClub Trade Triangle on the gap up which is more bullish action. Continue reading "Chart to Watch - CSCO"