Momentum is building with this Broadening Formation. See the live chart action.
Expanding volatility. Sign of instability.
Technical analysis of Cisco (CSCO) reveals a significant setup. Currently at $117.72, the asset is showing upward momentum (2.95%). Our AI has detected a valid Broadening Formation pattern. The trend indicator is reading 64.3/100, suggesting high momentum. A potential breakout level is identified at $119.39, targeting $157.9 with support near $100.13 (R:R 2.0).
What is your outlook on CSCO?