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CISCO DRN EDCC

CISCO DRN ED

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CSCO34 trade ideas

Cautiously optimistic (near term)Everything is looking pretty bad out there. notably, almost no stock can their post-earnings bump (if they even had one - see GOOG and UPST). CSCO did though. This would be an 'iffy' early entry. It looks like it is bouncing off of the 200 EMA, stochastic is going higher and there is a MACD cross-over. However, the anchored VWAP (from all-time high) provides some resistance at $57.56. The general market is weak... prob best to play this with some tight stop losses and 1:1.5 risk-reward ratio. Out at $55 (allowing for some jitter below the 200 day EMA); take profits at $59 and fully exit if it hits $60.95
NLong
by Test_Monkey
Presuming to kill The harm of subjective transaction Self-analysis of trading also deserves special mention. One stupid mistake leads to another stupid mistake and it becomes a vicious circle. At this point, the trader learns to let go. Subjective traders in particular should let go. Subjective decisions are more likely to be negatively affected by emotions. Sometimes traders feel trapped. When that happens (not "if"), it's best to suspend trading. Remember, there will be trading opportunities next month, next quarter, next year. The Importance of Confidence My experience is financial trading like a professional sport. Professional sports players are open and honest about their commitment. How many times have you heard statements like, "This athlete is in great shape," "he has great confidence," "He is too nervous on the court"? Maybe you've considered all the possible scenarios in your trading plan, but you still have doubts and you still don't have confidence, so you don't trust the system completely. Cancer and heart disease are the two biggest killers of American health, and doubt and hesitation are the two biggest killers of sound trading plans.
NLong
by Haoge
1
Cisco Selloff Incoming? Cisco Systems Short Term - We look to Sell a break of 53.44 (stop at 54.96) There was little net movement as we continue to consolidate within the 54.00 - 57.00 range. Mild losses have been posted and our bias turns to the downside. We look for losses to be extended today. Further downside is expected, however, due to the strong support below we prefer to sell a break of 53.44, which will confirm the bearish sentiment. Our profit targets will be 48.49 and 44.77 Resistance: 57.00 / 60.00 / 70.00 Support: 54.00 / 50.00 / 48.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NShort
by Saxo
CSCO technicals show more downside aheadA symmetrical triangle pattern appears on the daily and intraday charts. Generally, price activity within this pattern should contract as price forms lower highs and higher lows. Symmetrical triangle patterns do not suggest a breakout direction, so other technical evidence must be considered. In this case, CSCO is snug against the lower trendline of the pattern. While this is an uptrendline, the upper trendline converging downward reveals that the pattern is contracting / consolidative. Momentum indicators shown include RSI and the Chande momentum oscillator. Both are bearish. RSI has struggled to make any progress above the 50 level. And Chande as of March 10 is below the zero level and sloped downward. CSCO is trading below its 200 SMA, 21 EMA, 34 EMA, and 50 SMA on the daily chart. And those moving averages are sloped and stacked in a bearish direction. A reasonable target might be around 49-50 over the coming weeks (perhaps as soon as days if the general indices experience another flush). To derive this target, project downward the maximum depth of the pattern from the anticipated breakout point. This leads to a downside target of 49-51 depending on the day the breakout occurs. Caveat: if the markets and SOX index start to recover decisively, consider an upside breakout a possibility, with a similar projected target near 60. But given the technicals, the probability of an upside breakout seems low.
N
by SquishTrade
1