CSCO Channel Floor
CSCO is on the floor of a bullish TL of 2011, recently tested and first move seems like a bounce.
RSI: BULLSH bouncing on oversold zone
DMI: STRONG Tendence -DI Falling +DI mantaining
DAILY MACD: BUY
I'm going long term:
-1ST OBJ: $48
-2ND OBJ: $58
-3RD OBJ: $73
Will follow and see if global events continue positive to this analysis.
RSI: BULLSH bouncing on oversold zone
DMI: STRONG Tendence -DI Falling +DI mantaining
DAILY MACD: BUY
I'm going long term:
-1ST OBJ: $48
-2ND OBJ: $58
-3RD OBJ: $73
Will follow and see if global events continue positive to this analysis.
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