CSCO- Good Buy Currently

FA:

Higher earnings than expected but still a 12% yearly fall.

Service Sector of Business Has grown much larger than the Hardware side

If COVID is to ease in the next 6-9 months, the forecast is positive for CSCO


TA:

Approaching Support Level after strong retracement

Downside is far less than upside if an entry was made in this area.

Fibonacci Retracements follow the S&R Lines.

-Megalodon

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