$CSCO Chart is negative into earnings $49 Key Level The breakout in CSCO has stalled significantly as the market sell off has struck just at the wrong time. As earnings approach indicators have turned very negative very quickly, investors have fled stocks with China exposure.
We will not be taking any position into earnings but may look for a bounce post earnings as is the norm.
0R0K trade ideas
Cisco Systems (CSCO) Sell $56.33 > $48.63 (Profit:Risk = 4.48:1)NASDAQ:CSCO
Cisco Systems, Inc.
Information:
We go up the channel for too long.
Now there will be a breakdown and a reversal of share price.
About stop loss:
Stop loss is placed just above the weekly candle in case of a false touch.
Weekly chart:
Daily Chart:
H4 Chart:
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Sell = $56.33
Take Profit = $48.63
Stop Loss = $58.05
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Profit:Risk = 4.48 : 1
Profit:Risk = +13.67% : -3.05%
CSCO: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.