CSCO - Cup and Handle forming
I see:
- A bottom punched in Dec 5th, 2019
- A lower high Jan 31st, 2020, confirmed today
- Established parallel channel running diagonally up
- A trajectory that would put it near highs just before next Earnings, allowing it to cool off and let ER dictate which direction is next.
Trade active
Bought shares at $46.60 this morning.Trade closed manually
Pattern failed, aided by greater issue with equities.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.