Thursday 3 September 2020

Cisco Systems Inc (CSCO) Down 0.45%, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart

 Cisco Systems Inc entered today at $42.03, down 0.45% ($0.19) from the day prior. As for how volume fared, yesterday’s volume was up 9.87% from the previous day (Monday), and up 34.06% from Tuesday of the week before. Here is a daily price chart of Cisco Systems Inc.

Volatility for Cisco Systems Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 10 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

$CSCO They better spin off webx and do it sooner than later before they lose more market share and value – the longer this is not announced the worst the price action – Arita network is eating theie lunch – Network engineer friends tell me that they are migrating all their high speed networks to Arista network – wish I had known this few months ago – If they do not do the spin off they will lose more market share to zoom and TEAMS and its game over and this suppose to be the only area of the company that has seen growth .. What a horrible management – they should have done that when difference between computer science and computer engineering broke out – but waited until they lost market share only to grab measly corporate accounts they already had – there is no visionary in this company – pensa Vecchio .. Old thinking – old old as my shoe worn out 20 years ago


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