CSCO - Bullish Ranging for Direction

CSCO - Bullish Ranging for Direction
The weekly price is located far above 200 SMA in the primary bullish area of the chart. The price is located within 73.3/88.1 s/r channel waiting for the direction of the strong bullish trend to be continuing or the secondary correction to be started. Trading Summary: waiting for direction

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Sergey Golubev

The resistance level at 88.1 was broken by the price for the strong bullish trend to be continuing.