Cisco has a Very very strong uptrend as you can see here. Considering we are in a “tech strong” market again after the Christmas Eve lows, it is no surprise that this uptrend has been so strong for multiple months. If you have been watching this strength and been waiting for a pullback, now might be your chance!
I am looking for many of these small pullbacks to buy into tech companies here. Until the signals say get out, you have to respect the price again. Many have taken back the 200 day MA which initiate higher prices usually. We will see.