CSCO Possible (much needed) BreakoutYou can see the resistance, downtrend had been getting less and less steep, while each time there is a low point there is a lot of Volume. Also, the upward trend is starting to increase as well. NASDAQ:CSCO is undervalued IMO. Their equipment is in every major company and they are not held back by the chip shortage since they produce different products.
CIS trade ideas
Cisco Bounces at the 50-day SMACisco Systems had a big surge in March, followed by two months of upward sloping consolidation. Now the chart may be signaling another leg to the upside.
First, prices have held the 50-day simple moving average (SMA) and are bouncing. That suggests the uptrend is intact.
Second, notice the sharp drop on June 18 followed by a quick rebound. That resulted in a kicker candlestick pattern -- a sign of buyers lurking beneath the surface.
Next, CSCO closed above its 21-day exponential moving average (EMA) yesterday for the first time since June 15. That could soon pull the 8-day EMA above the 21-day EMA, which could indicate shorter-term momentum is getting bullish.
Fourth, CSCO just completed a bullish inside week. That can be a sign of prices stabilizing before a push to the upside.
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IRON TARIHi guys,
my indicator shows a 70% probability to end ITMm 4 weeks, 11% strikes.
But premium is very low, so since there is always a 30% chance to end otm, I reverse the condor, and I narrow the sold legs too @48$ and @57$, instead than 11% ( 47$ and 59$), to encrease the odds to end otm, let's say from 30% to at least 40%.
But for a 40% probability to win I have a wonderfull RR ratio at my side, becuase with 1$ spread max primuim is 80$, and max loss 20$.
So even when the market pays less, we know how to get the best out of it!
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Enjoy your wallet!
Tari.
Cisco wait till get it cheaperCisco Systems usually gets cheaper in September till November an then can be a god chat in the 3 quarter 2021 to buy.
Sector rotation, chip shortage and other current situations points to, that cisco may not get a lot of positve stock price movement in the next months... And it is totally over valued!
But Cisco is one of the biggest player in cyperscruity.
I put it for later buy on my Cypersecurity Watchlist, since I longterm bullish with this stock.
$CSCO with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CSCO after a Negative over reaction following its earnings release placing the stock in drift C
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Trading Area on CSCO Today, we will speak about a clear zone we can see on CSCO
a) This level is between a support zone and a resistance zone
b) In the past, we saw a clear bullish movement from 50.00 to 57.50
c) Now we are observing similar behavior in the current zone.
d) The price is above a clones channel, and we expect a continuation movement towards the Next resistance zone at 57.5
e) The expected time for this movement is around 40 to 60 days.
Thanks for reading!
CSCO Daily Bull Flag Setup CSCO looks to be setting up a nice bull flag to go long. Set a base and has been trading sideways for some time. A breakout could send this to Mid 50s in my opinion short term. RSI has been chilling out as well which is a good sign. Not a bad idea to start a small position now and scale in on confirmation of a breakout. You can have tight stops under $51 for minimal loss or let it go some to $50.
Shares or 5/21 and later options near the money or in the money would be good for this play if you like it.
NOT FINANCIAL ADVISE ONLY SHARING MY OPINION ON THE STOCK!