CSCOD trade ideas
CSCO - Long PlayPrice went up again, coming back to the A/R line and it's now ripe to fly...
Going Long with a RiskReversal in options or the Stock.
Long CSCOInitiating long at market against this week's low at 29.12.
Expecting a continuation of the rally from the low of the year for a target of 32.5
Cisco ending somethingSince its recent high, Cisco has been moving sideways in a choppy manner suggesting there's still some upside potential left but as shown on this chart using the Wave Principle, we are ending something. I just don't know what and even less how for down we might go once Cisco rolls over.
So short term we might keep going sideways but we should move upwards pretty soon which will be a good place not to go long but to take your money off the table.
CSCO flag + false breakoutSignals:
flag
false breakout
Buy 31.30-31.40 (flag breakout)
Stop 30.05 (-1 tic under false breakout's low)
Target 34.00 (sizing)
R\R ratio 1:2
3 Month High Breakout $CSCOWe are seeing a continued breakout in CSCO this morning after a slight pullback. It is in a confirmed uptrend on the year although a choppy one. Entry now at the highs of the day with a stop around $29 would be ideal trade, but possibly setting a stop as low $25.50 for a more conservative approach in your risk calculation.
CSCO TIME... to Cash OUT!!!First off, CSCO has had a great run rising over 35% since February! Its long-term trend up is still intact, but it has been showing signs of weakness near the 31.15 level. CSCO has been testing 31.15 for nearly a month and just can't stay over it. Super short-term support is at 30.74 and it has been breached today and most likely will close below this support.
It is time to protect your profits considering the gains CSCO already made. Cash out before the close and if earnings are well received get back in tomorrow or next week. If the earnings are not well received, well lets just say 6 months of profit may go down the drain.
Let me know what you think. 8/17 B4 close
$CSCO rising wedge on daily$CSCO rising wedge on daily.
The former neckline of the inverted H&S should play as temporary support for a bounce and possible continuation of wedge.
Watch for break in neckline to downside. POC in low 28s
CISCO: time to boost the price upSignals:
flag
breakout of channel consolidation
Buy 31.27 (+2 tics breakout of flag's bottom line)
Stop 30.35 (-2 tics of previous fractal low)
Target 1-34.00 2- 44.00
CISCO Short spotted divHi there. Cisco on the daily is way up above all EMA lines. Zooming in on the 1H we can see a div. So i might go ahead and short when the market opens. Have a nice day.
