Cisco Heat!

Here goes Cisco on a new bullish adventure. HUGE  7 year base formation is currently breaking out of. Check the monthly candle 10 year chart. The arrows are the implied measured move added to the breakout line.

csco_m

Zoom in on the weekly candle 5 year chart and notice the price action noise around the breakout line. Some whipsaws there could hurt your bottom line.

csco_w

And the daily candle 1 year chart. So much noise there my ears hurt, and so could of my Net Asset Value.

csco_d

Remember this important noise reduction tutorial using monthly candles. Those weekly and daily candle chart whipsaws would of been avoided.

The A+ setup is happening now, IF the current monthly candle can close above the 27.50 breakout level.

Couple of days to close the month. The target would be 41.50.

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