Oversold , has been falling hard with the dow jones since earnings beat.
Bounced friday on trendline support at 50sma (Purple wave).
Even though Csco is a tech company it like Intel moves more in sympathy with Dow jones instead of Nasdaq. They both are part of dow 30.
I feel like the dow will bounce this week and if it does look for a 5% move here
Bounced friday on trendline support at 50sma (Purple wave).
Even though Csco is a tech company it like Intel moves more in sympathy with Dow jones instead of Nasdaq. They both are part of dow 30.
I feel like the dow will bounce this week and if it does look for a 5% move here
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.