CIS trade ideas
CSCO Play overview Took a call debit spread today in CSCO. Showed up one one of my TOS scanners this morning. This is what I saw:
Daily: Has been trending up, higher highs, lower lows. I also noticed the fractal formed on the 20th. My entry was below it but was looking for that cross.
1HR: More fractals formed along the $45.80 area. Also on the 26th and 27th there was a nice bottom with several pin bars and big bars moving up into today.
15 min: Today it opened with a move down. Felt this wasn't warranted and saw it as a buying opportunity.
Other thoughts:
-Maybe got in a little early; could have looked for the retest to enter.
-Moving forward Im looking out for big volume spikes to the upside. This demonstrates to me that Market Makers want to take it higher. Don't want to trade against them.
-Looking over my past trades my risk/reward ratio isn't great. Have been losing more than I make, so Imma let this one ride a little longer than I usually would.
-Watched a Bill Williams video recently talking fractals and not caring about daily P/L if your trading with the trend. Going to try to practice this.
Purchasing CSCO calls during June.May's monthly candle closed above April's high.
If price returns to April's high, then I will begin purchasing call options at the 43.50 strike with a July 2 expiration.
Bullish Weekly Chart - LongWeekly chart looks great!
Volume is Bullish
PMO is Bullish
MACD is Bullish
Stochastic is Bullish
Long!
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CSCO review, Directional VolumePost a trade I'm still in earlier today. Mentioned directional volume as one thing I was looking for. Still holding but really don't like that sell off.
CISCO SYSTEMS now is in BUY situationHey traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. CISCO SYSTEMS is interesting, it can pull back to finally soar.
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CISCO (OP) 49+Objective price for CSCO up to almost 49.74.
Upsloping flag pattern.
It's a little bit oversold but with a nice RSI of 60.58
This is not an investment advice of any type.
CSCO Bullish Flag Breakout with Gap to FillCSCO breaking above flag after uptrend. I expect it to fill the gap from prior downtrend.
CSCO - I think earnings will move this higherCSCO, strong company, great fundamentals, earnings coming today.
My play was to enter some cheap calls with long expiration to avoid theta, I chose the $42.50 October calls.
Thanks!
Cisco Expanded triangleThe expanded triangle explains why Cisco has been rallying. However, looking deeper. There is a Bearish Bat in the Mist between wave D and E.
CSCO BEAT EARNING LAST EVENING PLEASE READCSCO BEAT EARNINGS IT WAS UP .79 IN THE PRE MARKET SESSION TODAY
NORMALLY IF A COMPANY DOES WELL WITH EARNINGS THEIR STOCK JUMPS. REMEMBER CSCO HAS BEEN DOWN WITH THE MARKET BEING DOWN THIS WEEK, WATCH AND SEE IF CSCO TURNS GREEN AND DO A CALL TRADE.
Cisco has reacted to resistance levels!Tech has lead the charge to prop up this market and the last stance has probably hit its wall. Here is a preliminary target for the first move downward.
$CSCO $47 target post earnings
Often a frustrating stock to hold into earnings.
Does not make get the attention that the new breed of stocks gets.
Indicators are turning bullish
CSCO EARNINGS DUE TOMORROW DO A CALL TRADE READ MOREInvestors are always looking for stocks that are poised to beat at earnings season and Cisco Systems, Inc. CSCO may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Cisco is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for CSCO in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 76 cents per share for CSCO, compared to a broader Zacks Consensus Estimate of 72 cents per share. This suggests that analysts have very recently bumped up their estimates for CSCO, giving the stock a Zacks Earnings ESP of +6.29% heading into earnings season.
I BOT THE 43.5 CALL, IF YOU DON'T TRADE OPTIONS BY A FEW SHARES OF THE STOCK
CSCO pre earningsCSCO - Not really that bullish but I can see a strong earnings week. CSCO had a bullish engulfing last week, but has a lower high and a lower low. Very interesting, I say buy into earnings and then possibly just will bomb earnings regardless of expected gains. Volume is barely gaining and although it can smash, I don't see big earnings bumps unless pre earnings is quite quiet. Lows were bought up but current level is a big hover.
CSCO - Bearish Outlook near termCSCO rejected resistance line multiple times and is beginning to show weakness and break bullish wedge trend with higher lows and higher highs. Rising wedges also typically have a breakout to the downside as buyers exhaust and that is my expectation with CSCO as well.
