Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Thursday, November 10, 2011

CSCO up 6.5% in pre-open

I have been monitoring CSCO for a few months now.Today CSCO is 6.5 % up in pre open  market.
If we get a successfull close today above 18.50 and we also get some nice volume readings, i think we can safely say Cisco is a good candidate for some upwards action in the comming weeks.
More after the open....

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