Cisco up 7% after hours after topping forecast. This COULD move the Nasdaq higher at the open and cause a breakout from the megaphone formation.
However with the recent distribution days a reversal later in the day MAY bring about a false breakout. Either way confirmation is needed...
Charts and comments are NEVER INTENDED AS ADVICE...
The larger your position in a given stock, the harder it will be for you to sell when you are ready. If the buyers aren’t there the day you wish to sell, your sale will push a stock lower or even crash it and you will end up losing much of your paper profits just in the process of selling. Lots of folks think this kind of risk only applies to very large players like fund managers, but it also applies to individual speculators today as well.
"Jesse Livermore"
Thanks for visiting...
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EMAIL- hotspotcharting-ook@yahoo.com
