CSCO trade ideas
CSCO Weakening Bottom FormationCSCO has been struggling with a weaker short-term bottom formation that has gapped several times to form Island Gaps. CSCO recently failed to break to the upside against weak to moderate resistance above the current price. The reason is that the giant Buy Side Institutions are not quietly accumulating CSCO at this time.
"Cisco: up move coming soon" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Descending Trendline.
- Price is on a correction.
- If price starts its up move, potential to go up towards the Resistance Zones.
Weekly Vision:
Daily Vision:
Updates coming soon!
$CSCOFresh demand at 47.5 still holding, flaggy on the hourly. Look for calls as long 47.5 level holds. We might visit 49 soon. Bearish case would be a close below 47.5 demand.
$CSCO Identical bearish candle with higher volume Highly BearishClosed with large red candlesticks with higher volume similar to volume during recent drop (covering positions) if broke black channel below 46 we can confirm bearish trend targeting 40 on longer term which around 20% drop from current level.. please check previous analysis for further details. thanks
$CSCO short, bounce off top edge of downward parallel channelNASDAQ:CSCO - short, bounce off top edge of downward parallel channel, good risk reward
CSCO - Turned Bullish - Short Term EntryCSCO (3 days ago) broke out of wedge pattern, had bullish EMA cross, and price crossed the 10WeekMA.
These are all bullish signs.
Trend on Weekly view just turned bullish.
In my opinion, this should provide a good short term entry.
My play below outlines how I reduce risk and maintain short-term entry in CSCO.
My play here
27-Dec Expiry - 45/50 put credit spread. $2.10 or more credit.
Close in 1-2 days at $1.36 debit or less preferably.
In this example, we are selling puts below current price which we expect to expire worthless.
Since we sell them, we want them to expire worthless so we keep the credit.
You choose to hold to expiration to keep max $210 credit, or close around 50% profit in day or two.
We can repeat this as long as trend continues, using options about 14 days out selling them and getting out in 2 days.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC
i33. CSCO Cisco Systems IncBeta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Worry about risk only.
"Cisco ready to start its up move" by ThinkingAntsOk4H Chart Explanation:
- Price bounced on on the Weekly Ascending Trendline.
- Price broke the Descending Trendline.
- CCI indicates that a correction should come now.
- We expect a Bullish Corrective STructure before going up towards the Resistance Zones.
Weekly Vision:
Daily Vision:
Updates coming soon!
CSCO: NASDAQ - Critical resistance around 45.60Cisco Sytems share prices are currently up more than 3% in today's trading session but face a significant challenge at the current price level, which saw prices failed to proceed further in previous attempts. If it makes through the current resistance, then the next target could be around 46.25 to 47.00. Support is at approximately 44.80 and 44.25
Bullish CSCOHow about the 45.68 level for Christmas? That's the level to focus on for this move higher expected in the next couple weeks. Bullish CSCO.
LONG CSCOExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Diamond reversal pattern extended (update)Diamond pattern has extended. I left the old solid pink line, but added the new dashed pink line as the pattern extended. I also added inverted head and shoulders notations. Note the nested smaller fractal H&S of today and how it fits into the larger H&S of the past five days.
Again, CSCO is closely positively correlated with the overall NASDAQ. So barring a CSCO specific catalyst, the two are going to move in the same direction. I'm expecting the overall markets to continue their climb on Friday and thru the light volume Thanksgiving holiday.
$CSCO possible bounce to 47 .5 then fall again to 41.5 BearishLong term down trend , currently almost over sold and expected bounce to 62% fibo near by 47.5 then continue falling to make lower low
Thoughts.
We should see this rebound near $40.
Optimal time to catch both a price move in this stock and dividends. .35 per share. per quarter.
Load upp
Cisco Systems, (CSCO - short) - swing trade ideaCisco Systems, Inc. (CSCO) broke support of the bearish pennant formed over the last 3 weeks and is likely to continue with a decline toward 43 areas.
Building out diamond reversal pattern $CSCO 30 minute time frame, building out a diamond reversal pattern. Pull back today on below average volume. Looking for a breakout up tomorrow. Once it clears 46, look for a gap fill up to about $47.50. This may not move as fast as market momentum leaders, but it does pay a dividend and tracks the NASDAQ index very strongly. If you think the market is going up regardless, this makes a nice hybrid value/dividend/ tech play.
