CSCO trade ideas
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.
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.