1CSCO trade ideas
CSCO Way Over-extendedBear Case:
*Bearish RSI Divergence
*Broken Wedge up
*Tech/QQQ showing major exhaustion
*ER
Bull Case:
*Tech still holding
*China
*ER
***Too Many bearish warnings on the technical side. Holding JUNE 21 PUTs with min target at 50$... Let's talk about it***
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.
Stochastics are overboughtUnless they kill earnings, too much is already baked in making it riskier to buy now. Wait for a pullback.
CISCOCisco is still very hot, 4th of april it will go ex dividend. I'm still holding options till the 18th of april. This rally could go as far as 60,15 where it faces another quantum price resistance. I'll patiently wait and hold for now. Next week if a buying opportunity forms I'll buy more options with a longer expiry.
S&P 500 also is at the edge of a trading range, I'm waiting from the sidelines to see what will happen. I'am bullish on the index also, refer to previous posts for resistance levels. I think it could retest 2912 levels soon.
Potential reversal/ sell-off coming in a couple of weeksI assume three wave correction is close to its completion on a senior t.f.
Will not be surprised if price will drop dramatically to in a move, equivalent to the first leg down, visible on the chart to the left hand
CSCO: Steep rise to new all-time high poised to shift sidewaysCSCO is one of the very few Dow 30 components at a NEW all-time high. CSCO is riding on new technology in 5G and other areas. The gains are slowed down by some selling but the steep angle
of ascent has continued. The stock is poised to shift sideways ahead of its earnings report date.
$csco Cisco has a bright future in 5GCisco may not be as glamorous as AAPL AMD MSFT & GOOGL but it has made a very impressive breakout on strong earnings and guidance. CSCO is the worlds leading provider of communications equipment and at the forefront of 5G. CSCO is a integral part of many industries and has diversified and recurrent revenue streams. It is not old tech anymore, data center, security and analytics are major growth areas for new tech and a new CSCO.
CyclistThe cyclist 25 minutes ago should have indicated a bottom building. It failed obviousely. Therefore short.
