Momentum is building with this Ascending Triangle. See the live chart action.
Bullish continuation pattern.
Traders are watching Cisco (CSCO) as price action tightens. The stock is trading at $119.54, up 1.88% on the day. The primary technical feature is a Ascending Triangle formation. The trend indicator is reading 2.3/100, suggesting moderate momentum. A potential breakout level is identified at $130.37, targeting $169.13 with support near $116.5 (R:R 2.79).
What is your outlook on CSCO?