CSCO H&S IdeaI don't think this is very probably, however it is possible. I could make an argument for a head and shoulders pattern starting to form on the monthly. and previous support/resistance levels could indicate future support... Indicating potential entry zones.
The drawback to this idea is that I didn't do this in log scale.. which I like to do when looking at time frames that span this long. I will try and follow this up with a log version of this and see if any patterns pop out at me.
0R0K trade ideas
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CSCO Monthly (NVDA mentioned)CSCO, synonymous with the Internet. Year 2000 darling. The internet was wild west, the future. It did become the future, and is everywhere in our life today. If you bought CSCO at 82 it during the hype in March 2000, you would still be a bag holder 23 years later.
NVDA chart looks almost identical to the CSCO chart of March 2000. I am not saying that it does not have good potential, but as a long portfolio holder I try my best not to buy high and sell low. Whether AI is another internet bubble remains to be seen, so I wait for better setups.
CSCO is a fine company with excellent metrics, 8.8 percent free cash flow yield is an indicator of a good bargain now. Today I would look at it as a long, but have not developed an entry strategy yet.
If you recently bought long NVDA, good luck. Scalping is another issue altogether.
CSCO: gap trade?Is this a breakaway gap: These gaps occur at the end of a price pattern and signify the beginning of a new trend. It is challenging to trade these as they can indicate strong momentum.
A price action above 53.00 supports a bullish trend direction.
Further bullish confirmation for a break above 56.00.
The target price is set at 57.00.
The stop-loss price is set at 53.00 as well.
The stock is already overbought and one might need to wait for a pullback before entering into a position.
CSCO Cisco Systems Options Ahead of EarningsIf you haven`t sold CSCO here:
Or reentered here:
Then analyzing the options chain and the chart patterns of CSCO Cisco Systems prior to the earnings report this week,
I would consider purchasing the 53usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $1.77.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Cisco Systems, Inc. (‘CSCO’)
Cisco Systems, Inc. (symbol ‘CSCO’) managed to stay afloat their second quarter performance adding around 11% on their share price. The company’s earnings report for the fiscal quarter ending July 2023 is set to be released on Wednesday 16th of August, after market close. The consensus EPS is $0.95 compared to the same quarter of last year at $0.74.
‘As of 30/04/2023 the company's current ratio is around 140% showing that the company is able to repay its short term liabilities with the current assets in hand. Also what is important to mention is that the debt to equity ratio is near all time low (currently at 16%) indicating that the company’s debt levels are constantly decreasing making it an attractive investment for market participants ’ said Antreas Themistokleous, an analyst at Exness
On the technical side the price has been trading in a steady uptrend for the majority of the quarter. In last week it found resistance on the upper band of the Bollinger bands and has since corrected to the downside while the Stochastic oscillator is still near the extreme overbought levels possibly showing that the bullish momentum might still be valid in the market. The faster moving averages ( 20 & 50) are trading above the slower 100 day moving average further supporting the narrative that the bulls might still be stronger than the bears.
CSCO - BULLISH SCENARIOThe market anticipates that Cisco Systems will announce a year-over-year earnings increase due to higher revenues when it releases its results for the quarter ending in July 2023. This widely-known consensus view is crucial for evaluating the company's earnings situation. However, an essential factor affecting the stock's short-term price is how the actual results compare to these expectations.
If the upcoming earnings report surpasses these key expectations, the stock is likely to rise. Conversely, if the results fall short of these estimates, the stock may decline.
While the discussion of business conditions by management during the earnings call will significantly impact the immediate price change and future earnings outlook, it's valuable to consider the likelihood of a positive earnings per share (EPS) surprise as well.
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Cisco Cup and HandleI noticed a Cup and Handle pattern forming on Cisco Systems - ticker CSCO, on the daily level. What will be my entry points and what are the things to consider:
1. My entry would most likely occur today, 19th of July, since I think that the stock will break from smaller moving averages once the market opens. Those moving averages are 10 and 20, my entry price is sitting at around $52-52.5 price level.
2. Stop loss for this position, in case something goes wrong, will be put at around $49.95 price level, which is just below it's previous low and way below the 10 and 20 moving average line, and around 50MA.
3. My profit point is sitting around $59 price level, but that doesn't mean that I will be exiting my position there. It means that if the price action is strongly acting bearish that I will close my position. If price action is in a strong uptrend, I will surely keep the position open.
4. I am planning on adding to a position at $58 price level, of course, if the price action is going as it should - pointing to a strong bullish move.
I will make sure to update this buy opportunity, but please make sure to do your due diligence when investing.
Buying Cisco at 50-EMA.Cisco Systems - 30d expiry - We look to Buy at 51.21 (stop at 49.21)
The primary trend remains bullish.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
A lower correction is expected.
This is currently an actively traded stock.
50 1 day EMA is at 51.10. The sequence for trading is higher highs and lows.
Our profit targets will be 56.21 and 57.21
Resistance: 52.78 / 53.89 / 55.00
Support: 51.74 / 50.00 / 49.00
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Cisco Pulls Back After JumpingThe Dow Jones Industrial Average has been moving lately, and today we’ll consider index member Cisco Systems.
The networking giant spent about a year trapped below the $52 area. That zone marked a top in April, June and early this month. However CSCO broke above it on July 19 and ran to a new 52-week high. It retreated on Friday to hold the earlier peak. Old resistance may have become new support.
Second, the pullback brought CSCO back to its 21-day exponential moving average (EMA). The 8-day EMA remains also remains above the 21-day EMA. Those points may suggest its recent short-term uptrend remains in effect.
Finally, the stock rallied after its last two earnings reports. Will that positive history provide a tailwind for the shares with the next set of numbers due on August 16?
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#CSCO short- or medium-term planConsidering liqudity (see chart) this straddle looks like reasonable. But, straddle (money involved) is not very significant, so be careful.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with your own strategy, not in alone.
CSCO - Rising Trend Channel [MID -TERM]🔹POSITIVE signals rectangle formation with breakout at 52.14 resistance, next resistance at 55.
🔹RSI bearish diverges against the price, indicating downward reaction.
🔹Technically POSITIVE for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Cisco: You Got This! 💪Cisco is still hesitant and has not yet made it above the resistance at $53.60. However, we expect the share to master this hurdle soon to enter the green zone between $54.48 and $61.38. There it should complete wave 2 in green before turning downwards again. A 37% chance remains, though, that wave alt.2 in green is finished already. In that case, Cisco would skip the green zone and directly drop below the support at $43.39 instead.
CSCO will it break resistance?Taken a long position prior to the Q3 results. On the two day chart, I am waiting to see if price momentum can be supported by volume (indicated by the 2 highlighted circles). If it can break resistance to the upside, I may consider to add to my position. If not I will exit with a very small profit.