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CSCO Weakening Bottom Formation

Cisco Systems, Inc. (NASDAQ:CSCO)  
MarthaStokesCMT-TechniTrader  
NASDAQ:CSCO   Cisco Systems, Inc.
Candlestick Analysis Chart Patterns Trend Analysis CSCO ciscosystems weakening bottomformation islandgaps upside Support and Resistance price buysideinstitutions
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candlestick chartpattern trendanalysis csco ciscosystems weakening bottomformation islandgaps upside supportandresistance price buysideinstitutions
CSCO has been struggling with a weaker short-term bottom formation that has gapped several times to form Island Gaps. CSCO recently failed to break to the upside against weak to moderate resistance above the current price. The reason is that the giant Buy Side Institutions are not quietly accumulating CSCO at this time.

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Martha Stokes, CMT
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