CISCO Possible bearish trade, Break Out volatility

2017년 11월 9일

The title has reached the 2007's top, and it has tested it three times.
Volumes are in downtrend.

Monthly Chart:



Weekly Chart:



Daily Chart:



We can wait the break out of the congestion for open a short position. Stop Loss above the resistance, take profit like in the image.

Of course, if the price overtakes the resistance's line we can open a long position and follow the trend.