CSCO had lowest closing weekly RSI since 2001 and I think this is disconnected from other big tech. It did not have nearly the run that the FAANGs have had and never made it back to its 2000 highs. In fact it is now trading at the 2007 peak before it and the market started deteriorating in late 2007. Pessimism is rampant and I expect that the weekend will bring about more doom and gloom thinking. Worst week in the market since October 1987 which in hindsight turned out to be an incredible buying opportunity. I'm not calling a bottom, but when you see high quality companies trading down 30-40%, if you're saving for retirement then shoring up your portfolio with quality is a smart thing to do. I want to be in KO's and CSCO's of the world.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.