Investment in shares of companies that specialize in innovation in the IT sector - is a great way to boost your account with a Forex broker. Cisco is known as the best player in the communications market. The company - giant in its industry is investing in the development of programs that make it the network's more secure. In the first place now is the cloud protection, the relevance of which is growing every day. More and more employees of different companies begin to use the corporate network and mobile directly, bypassing the traditional protection tools, so web protection is becoming increasingly important. Cisco shares directly reflect its strategy - just go buying! Technical summary of the shares promise a good profit from your forex broker, because it is necessary to actively buy! At the opening of NASDAQ shares will rise, so replenish your account and do not miss the opportunity to earn good money.
Growth on stock price chart is visible with the naked eye. A growing trend is gaining momentum, and now accelerated. For several days, each day offers a new closing high. This dynamic movement could not but attract the attention of our analysts who are serious in advice to investors to buy these shares. The only possible obstacle to the growth of prices is the level of resistance of $ 34.25 per share, founded in 2007. Price rolled back a little with the correction, indicating that traders intent to raise the price even higher. Our target of 100 points is achievable, because it previously passed 300 points and it is just about 30% of the total movement.
Our target of 100 points is achievable, because it previously passed 300 points and it is just about 30% of the total movement.
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
If the resistance level is broken you can use the following recommendation:
• Chart timeframe: H4
• The trade recommendation: Buy
• The level of entry into long position: 34.00
• The level of profit and close the position: 35.00 (100 pips)
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.0600
Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.2480
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 1.0050
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 112.60
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