0R0K trade ideas
Cisco - Profit Potential!I think every IT company uses Cisco software or hardware, so it's no surprise that the stock price grows every month. The uptrend on the CISCO stock is because the management doing their job right. The stock, trading under $50 with a relatively low market cap near $225 billion, may be a value pick for some investors, as well as we can see a two scenario in the near-term, first, the price rises as rocket to $60 p/s (3 weeks max) or it will be trading around $50 p/s the next months. I believe in the uptrend, and I'm sure we will see $60 p/s soon.
Right now we have the next data from indicators, RSI is overbought, and the MACD is doing good.
The issue of this indicator(RSI) lags behind the stock market and I assure you it does not work on the uptrend. The price can easily goes higher while you thinking that is a good moment to make profit. Wait and watch. The uptrend is a movement which is not easy to stop.
The MACD is better for trending stocks, and here we can see it above the centerline and its signal line - the Sign to buy and hold.
Enter: $45, 46, 47
Close: $60+
Likes/Comments, Yes please :)
CSCO BUY WEEKLY 7.25% 3.14 pip TP 46.43 SL 41.35Today after the closing of the CSCO market will issue its quarterly report.
Analyzing the latest reports, all were positive above expectations and the chart on those dates had a 6% gap - 2.10 pip, less in the 05/16/2018 report that its value had already come from a maximum of 46.43 and fell 5.11 % 2.32 pip.
CSCO BUY WEEKLY 7.25% 3.14 pip TP 46.43 SL 41.35
CSCO Cisco systems entry long after positive MA 200 testAfter a poistive test of MA 200 the chart shows divergence on RSI. Actually the price has been traded ina a triangle since may, MACD is getting in bullish mode and what we see in the chart is a bullish wedge. Resistence between 43 and 43,25, tp1 at least 46 dollars
CSCO breaking out slightly, strong call buying volumeDaily chart reveals breakout of resistance within consolidation pattern. Should result in upper resistance of pattern being revisited in an attempt to breakout out anc continue into 50s. Move to mid 47s area seems most likely, the point at which resistance should be found again. Snaphot below shows hourly chart, giving a glimpse of the breakout. Shows last candle was the breakout, and that it held above the resistance, as if confirming it as a new support. Seems ready to make it's measured move upward.
CSCO Distribution IdeaCSCO looks to be distributing here and we may have already entered the markdown phase. The VPVR indicates some liquidity overhead, so I wouldn't be surprised for another test into that area before more distribution. I'm looking to short at that mid $43 level.
The four hour chart is also in its own micro TR that has yet to show a bias as far as I'm concerned, however, the macro looks bearish so I will go with the trend.
CSCO before earningslooks like CSCO is going to flirt w/ the 46.23 until earnings on 5/16. assuming we have a positive report, CSCO just might gap up into the blue square; if not, we could gap down into the red square... which would make me sad that i closed out the top half of my previous strangle ;)
Cisco Bullish PredictionHi guys ! I ve got a bullish view about CISCO , tomorrow is the earnings post date with EPS 0,65 as a forecast and revenue forecast is at 12,43bln against 11,81 bln at last earnings post at February. As you see in the chart the price is above the EMA (200) , the trend from Heikin Ashi candlesticks is going to change short term. If the inverted head and shoulders diagram breaks above , I have a price target about 47,6 - 48,2