CSCO presents heavy divergence between price trend and Chaikin Money Flow...
Good Morning Fools:
I want to advise about heavy divergence between CSCO´s price trend and Chaikin Money flow oscillator, that shows heavy accumulation in Cisco´s shares lately. That divergence is on daily and weekly charts.
That kind of divergences usually appears in Big Caps with great inertia to change market price trend.
At today´s market´s price, CSCO is giving a nice entry point to Longs with a good reward-risk equation.
Have a nice day...