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was very interesting for CSCO RSI.
The price had touched 3 times C1, C2, C3 the $13 support, RSI
troughs L1, L2, L3 were higher and higher, a divergence was apparent and
the
RSI trendlines were ready for a breakout.
It was a critical moment, the black line is the
future for Apr15 and was not known yet, symmetric trendlines may give equally
bullish or bearish
breakouts...
During the Apr16th session a bullish breakout occurred,
although the day was a doji, strong buyers/sellers fights with +30% volume
augmentation.
It was time to materialize the RSI-price divergence plus the
RSI trendlines breakout.
Buy at Close was not the worse idea...
Dimitris Tsokakis
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