Technical view of cisco Hello every one
Cisco stock is moving in a short-term sideway direction.
With low volumes.
Between 48.5 and 44 levels.
Therefore it is possible to trade between the two levels.
Good luck .
CSCO trade ideas
#weekendchartreading $CSCO #cisco decision time comingchart to watch for coming week.
The lines speak from themselves
A breakout or a breakdown coming ??
What do you think ?
Cisco Looks Short- Intermediate- and Long-Term BearishSomeone I respect posted a bullish interpretation of Cisco Systems recently, so I decided to take a look at it. And I cannot confirm that. What I see on the daily is a rising wedge from the March lows, which has broken and is flagging. This looks near-term bearish to me.
On the weekly, I see a possible head and shoulders, also bearish.
And zooming way back out, I see an interesting pattern here. The spike ending in the 90s is a full 5-wave Elliott Wave impulsive structure. From that point, much like I believe gold is doing, it is creating a corrective flat. From a classical chart pattern perspective, the whole structure is a symmetrical triangle, but we can expect this to move down, breaking below.
This is no time to be bullish.
CSCO Quietly BouncingFilling orders inside the prior bull run in order to base for a move back towards ATH's. Would set up a round bottom there with target much higher.
CISCO SHORTthe long-term outlook is down.
If you found this analysis useful, please like it and share it with others so they can benefit from it too.
CSCO poised for breakout toward earnings next month.Poised for breakout of flat base/consolidation period, sudden spike in buying volume 26 Jun and simultaneous Stochastic/MACD cross 10 Jul.
Cisco Long Weekly timeframe- NASDAQ recently Moved into a Monthly uptrend so CISCO has good market fundamental wind in its sails.
- Cisco is Currently in a Monthly downtrend but a weekly uptrend
- Monthly Sellers have control, while weekly buyers making a strong but struggling retracement of the downward path.
- Momentum of the retracement is slowing as it will enter a struggle to get above key level of $50.33. NASDAQ has successfully accomplished this. good sign for CISCO
- Look for the struggle to create a range to develop between 446.00-$50.30 for a couple months
- When large players take their positions in the range (large vertical green candle/s) enter on the next struggling pullback
- You want to see a break out of that range above $50.33 and hold at least briefly (couple weeks)
Concerns:
- Monthly downtrend has greater volume and momentum than the weekly retracement, signaling that it may have to turn down to get more buyers attracted to buy at a lower price because their interest may be waning at current prices.
Reward to Risk: between 1.3-3 to 1 depending on entry
recommend:
- exit position below $40.48 and consider re-entry later
- a break above (and hold for couple of weeks) $50.33/ add to position but no more than initial position or even less (50%)
- Look to take some profit (at least 70%/ 90% if struggling) @ $57.47
- don't look at other timeframes it will only scare or elate you and they have nothing to do with the dynamics of this timeframes trade. However the Monthly is the guide we are trying to follow and have pull us along.
When friends ask what stock to buy, "but it's an all time high!"A lot of my friends ask me what they should buy. I usually say something like, I like XYZ right now. They don't ask why. They don't try to understand the context or the time frame. They simply respond with, but it's at an all time high. Then I shake my head at how everyone wants a discount + outsized returns.
Quality is at a premium for a reason.
Not all of my preferred stocks are always at all time highs, but they are almost always proving to be market leaders in their sector OR they are positioned to be a major turnaround story.
I used to bottom fish a lot. Buying historical low points in stocks, like energy stocks in 2016 (when everyone thought oil bottomed) or even recently in March (it worked, but so did ALL bottom fishing opportunities, including the bankrupt stocks).
Buying stocks at a discount often comes with a lot of headache. I am not saying it does not work. You need the right market conditions for it. Simple as that. Valuation as a fundamental strategy has not worked very well in the last decade for a reason, FED cough cough.. FED.
Typically , the best bottom fishing opportunities are stocks that consolidate for a long time (trade in a tight range) and end up breaking a new 52 week high before making a huge run.
Strength > weakness when it comes to trend following and seeing faster returns.
Know your time frame .
Buying strong names on weakness is great, but I've spoken with legendary traders that ALL say the same thing. The best trades always happen right away , without turning back .
So let that sink in.
CSCO Play overview Took a call debit spread today in CSCO. Showed up one one of my TOS scanners this morning. This is what I saw:
Daily: Has been trending up, higher highs, lower lows. I also noticed the fractal formed on the 20th. My entry was below it but was looking for that cross.
1HR: More fractals formed along the $45.80 area. Also on the 26th and 27th there was a nice bottom with several pin bars and big bars moving up into today.
15 min: Today it opened with a move down. Felt this wasn't warranted and saw it as a buying opportunity.
Other thoughts:
-Maybe got in a little early; could have looked for the retest to enter.
-Moving forward Im looking out for big volume spikes to the upside. This demonstrates to me that Market Makers want to take it higher. Don't want to trade against them.
-Looking over my past trades my risk/reward ratio isn't great. Have been losing more than I make, so Imma let this one ride a little longer than I usually would.
-Watched a Bill Williams video recently talking fractals and not caring about daily P/L if your trading with the trend. Going to try to practice this.
Purchasing CSCO calls during June.May's monthly candle closed above April's high.
If price returns to April's high, then I will begin purchasing call options at the 43.50 strike with a July 2 expiration.
Bullish Weekly Chart - LongWeekly chart looks great!
Volume is Bullish
PMO is Bullish
MACD is Bullish
Stochastic is Bullish
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
CSCO review, Directional VolumePost a trade I'm still in earlier today. Mentioned directional volume as one thing I was looking for. Still holding but really don't like that sell off.
CISCO SYSTEMS now is in BUY situationHey traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. CISCO SYSTEMS is interesting, it can pull back to finally soar.
Please LIKE & FOLLOW, thank you!
