Cisco Systems
March of 2000, 14+ years ago. That’s when the stock of Cisco Systems peaked at $74. Today it trades at $27. In 2008, 2010 and 2013 it ran into resistance in the $25 area but has recently move above that area. Think of resistance as the point where buyers stopped buying and sellers began selling! Next resistance point would be the 2007 high of $31. Do you see these price points? How long will you hold a stock just to get back to even?
This post is for educational purposes and is not intended to be trading advice.
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