1CSCO trade ideas
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.
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.
$CSCO approaching trendline resistance zone. Short opportunity$CSCO Approaching major trendline resistance. A great short setup at $53 with a profit target of $48.31, which meets long term support and is a partial gap fill.
Usually with gaps, there will be a partial (mid-way) gap fill on the first attempt, then a snap back rally, consolidation and at some later point a complete gap fill.
This $CSCO opportunity is a great low risk high reward setup, with a stop just above the trendline resistance zone. I've added the short setup to the chart.
Cheers.