CSCO is one of the very few Dow 30 components at a NEW all-time high. CSCO is riding on new technology in 5G and other areas. The gains are slowed down by some selling but the steep angle of ascent has continued. The stock is poised to shift sideways ahead of its earnings report date.
1. RSI oversold territory; 2. RSI small divergence short bias. A. Watch for first level at $48 target; B. Watch major Fib level at $45 target, which is also a major previous resistance level that could become support.
TRADE IDEA Entry = 51 (if it hits before breaking out) Target 1 = 52.09 Target 2 = 52.88 Stop = Daily close below 51 Trade is invalid if it drops to support based on bad news.
ERIC looks like it's ready to run! On the daily chart, if the stock price can break above $8.90, it should hit $10 to $12 Every indicator on the daily chart is BULLISH As for the Weekly Chart goes... Every indicator on the Weekly is BULLISH POSITION: 500,000 SHARES COST: $8.50
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
CSCO reversed off its resistance at 43.47 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop further down to its support at 40.73 (horizontal swing low support). Ichimoku cloud shows signs of bearish pressure that contributes to our bearish bias.
Sell Cisco!! 1st Target Price - 37.87, Stop Loss - 43.73
Expect a nice bounce at 200-215 ,from previous chart pattern history it was a really tough resistance area,so expect whales to look for a bounce at that area, if we do break 200,I expect us to enter Re Distribution zone and our target can be Accumulation zone on the Weekly chart 166 area.
CISCO seems completing a potential flat correction. If it bounces on the level posted on chart i'm expecting one more wave up.
As of Friday close, NVDA and AMAT appear to have the volatility metrics I'm looking for in earnings-related volatility contraction play (>70 rank/>50 implied). NVDA (70/67) announces on Thursday after market close. The iron condor pictured here pays 1.73 credit with break evens wide of the expected move. AMAT (68/48) announces on Thursday after market close,...
Previous analysis i showed a bear flag that worked out quite nicely, but it did not reach it's target though. At the moment it looks like a wedge in the making now. However, i do not really like the shape of it, but because it is at that red resistance zone, i am taking a shot at it. The RR is amazing on this one and on top of that, i will start out with a 50% pos...
Looks like a solid bear flag from which we will probably see a breakout this week. If the 45ish breaks (green support zone) the chances become much bigger that the target around 42 gets reached. Price needs to stay below the red zone for the bear flag to remain valid.
The price this week went to under 30MM. It's starting phase 4 although the support is $40.07. Sell.
low leverage.. but it will come.. ema100/200 could be a temp bounce like before.
I think every IT company uses Cisco software or hardware, so it's no surprise that the stock price grows every month. The uptrend on the CISCO stock is because the management doing their job right. The stock, trading under $50 with a relatively low market cap near $225 billion, may be a value pick for some investors, as well as we can see a two scenario in the...
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