go ahead and hate … CSCO appears ready to breakout and outperform

03/14/2016 – update

the move down to 16 did not materialize but do believe the Mirror Image Foldback is still working. Put this one on the radar screen as it appears to be getting ready to blow. An update chart below:

Page_16-03-14_22-11-44

PUT THIS ONE ON THE RADAR SCREEN ….

now, look at these relative strength charts of CSCO vs FB/GOOGL/AAPL/AMZN

Page_16-03-14_22-14-58 Page_16-03-14_22-16-43 Page_16-03-14_22-20-48 Page_16-03-14_22-25-49

believe it or not … the glamour names certainly look to be under pressure from CSCO and it “should” start to outperform on a relative strength basis. With this type of underlying strength, watch for the breakout noted above.

Let me know if you have any questions.

B

 

 

a move down to 16 would be a NICE place to BUY for a potential foldback as shown ...KABOOM (?)
a move down to 16 would be a NICE place to BUY for a potential foldback as shown …KABOOM (?)

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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  1. Pingback: CSCO follow up and important level … – Bart's Charts

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