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Cisco ($CSCO): Earnings Expectations Low, Which Way Does it Go?✨ We provide charts every day ✨ Drop a requested Ticker in the comments and we will be sure to take a look ✔️ Like & Follow to help the community grow! 🎉🎉 --- Cisco systems has earnings coming up. Analysts expectations are low, and the last earnings report right before the COVID dump was bullish, so perhaps a beat here could give us a push to the upside. That said, the overall trend is down, so from a TA perspective on a longer timeframe expectations are low. The question here is, "can earnings help keep CSCO afloat, or is it back down along the trend this behemoth?" Let's do an analysis. Resource: www.earningswhispers.com --- 1. Fractal Trend is signaling a downtrend (Maroon bar color) on higher time frames. Sure, CSCO has had a solid recovery from the bottom, and earnings could send this higher and have us eying longs, but the overall trend is still bearish so we are looking for a short. 2. With the strategy, we allow short setups in a downtrend with our entry being the retest of a previous S/R that has flipped and been validated by Directional Bias OR an orderblock plotted by Orderblock Mapping. 3. If we move to the upside, we will be looking for a retest of R1 and a pullback to open a short position with targets of S1 and S2. 4. To the downside we will be looking at the S1 & S2 orderblocks for reactions. 5. The general hope here is to see momentum from earnings set us up for a great short entry at the R1 S/R flip.
NASDAQ:CSCO
by AlphaBotSystem
Cisco: Buy opportunity for 54.00.Cisco nose dived on last week's closing sessions with 1D turning aggressively bearish (RSI = 34.865, MACD = -0.320, Highs/Lows = -2.0286). The stock may be well below its July's High but there is a technical pattern that presents the current 45.00 level as an optimal medium term buy opportunity. In 2012 we had a similar price action, which following a Death Cross on 1D, made a bottom on a symmetrical Higher Low Support and initiated the new multi-month buy sequence. We are on an identical price action at the moment and with the RSI hitting the same bounce level we believe Cisco is near a bottom (even symmetrical as seen on the chart). 54.00 appears to be a reasonable long target for the first months of 2020. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NASDAQ:CSCOLong
by InvestingScope