Cisco Systems Daily Candle Chart

Cisco Systems Daily Candle Chart

Another opportunity in the American stock market, this time with Cisco Systems, which gives us another selling opportunity for spread betting this week. As we can see from the daily chart there are three reasons for thinking this is a short selling bet. First we have a stock rising in price, but with falling volume which means that the professional money ( ie the market makers ) are not buying into the move, and will therefore move the price down once they have finished selling into the rise. Secondly we have a long legged doji on Friday, indicating a possible turning point as indecision enters the market, and finally, we have a series of lower highs and lower lows over the last few weeks, suggesting that Friday’s close at $15.51 may have reached the high of this cycle. So in summary, I would suggest that this is a spread betting sell, for the early part of the week .

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