And the Hound of the Baskervilles effect is back in action! Please do not think, dear online readers, that this effect spreads not only to the head-and-shoulders pattern. It simply happened that most often I see this just for this pattern, on the charts of stocks that I am interested in.
For instance, on the chart of Cisco Systems, Inc. (CSCO) we again see the head-and-shoulders pattern. This did not drag down the stock, as technical analysis classics suggests. So there is a chance that the stock will grow twice by the head’s increase. The stock already made a first head-height rise, but there is a chance to pass the second one as well. For this reason the stock has so far been above USD 27, and the upside target is roughly USD 33.
Help me win the competition: s30015986638.whotrad...com/blog/43988260974
For instance, on the chart of Cisco Systems, Inc. (CSCO) we again see the head-and-shoulders pattern. This did not drag down the stock, as technical analysis classics suggests. So there is a chance that the stock will grow twice by the head’s increase. The stock already made a first head-height rise, but there is a chance to pass the second one as well. For this reason the stock has so far been above USD 27, and the upside target is roughly USD 33.
Help me win the competition: s30015986638.whotrad...com/blog/43988260974