CSCO
NOK 5: Huge Volume Day, Higher Price to ComeIn this runaway market, NOK represents a sensible and substantive instrument for investing in telecom structure as we are going digital everywhere and everything. At a little over ONE time sales as a major 5G player, the risk-reward ratio is still compelling.
Unlike Blackberry which is seeing some institutional sponsorship, NOK has not. But it does have a very large float so the move towards upside would be likely griding instead of rocketing. Patience is required as well as there is earning risk right around the corner. Should it drop after earnings, then it would represent a good buying opportunity.
Similar to BB, NOK has been basing for a long long time, the longer the base, the higher the move ultimately would be, generally speaking.
BB 14 had doubled, NOW WHAT? Stay with the Horse!Stock overbought on RSI but other momentum indicators are still positive.
Low priced stock like BB, after waking up from a sustained coma, tends to run much higher than expected move (currently outside of 3ATR).
It's a real company in a market where fake companies can have billions of market cap, so why not Blackberry which has a long history telecom platform and data security technology that were so good it was used by all the leaders of the world.
CEO John Chen is not going to get paid big until stock above US 16 and 20. He is methodically working on it.
Another one also could run is Nokia NOK at $4.2. A real co with near 30% market share for 5G. I could not believe how cheap it is, 1x sales! in this 100x sales market for many companies with no cash flow or profit.
CSCO - Unusual option activity10,467 CSCO 47 strike calls expiring Feb 19th 2021 were traded at 0.89 in a single print above open interest of 1,141.
Since we don't have visibility to what the bid or ask price was when these calls were traded, we have to look at this from different perspectives.
1.) Call Buying - This could be interpreted as call buying since one could argue that CSCO is trying to fill the gap from back on 8/13/2020. Note that the horizontal line representing the 47 strike calls is near the lows on 8/12/2020 just before it gapped down the next day.
2.) Covered Calls - These calls could also be covered calls. CSCO has had a good run from November through present day. Perhaps these are sold calls to hedge against a correction in the stock price.
Let's follow the stock and this option's pricing see what happens.
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CSCO Bubble PatternFollowed a common 5 phase pattern
Phase 1: Trending breakout of basing formation in a strong up-trending move
Phase 2: Trending high-volatility drawdown (usually not related to stock or index itself).
Phase 3: Trending recovery - stock or index shrugs off the high volatility event as it recovers quickly and stronger than before.
Phase 4: Upwards & & sideways non-trending consolidation. Typically choppy trading, but slightly upward move.
Phase 5: 3 Phase blowoff top - breakout of non-trending consolidation followed by a smaller upwards consolidation into final blowoff breakout top.
CSCO Channel FloorCSCO is on the floor of a bullish TL of 2011, recently tested and first move seems like a bounce.
RSI: BULLSH bouncing on oversold zone
DMI: STRONG Tendence -DI Falling +DI mantaining
DAILY MACD: BUY
I'm going long term:
-1ST OBJ: $48
-2ND OBJ: $58
-3RD OBJ: $73
Will follow and see if global events continue positive to this analysis.
CISCO - buy zone (gray) Hello traders,
Description of the analysis:
CISCO support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund ($4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
Cisco Looks Short- Intermediate- and Long-Term BearishSomeone I respect posted a bullish interpretation of Cisco Systems recently, so I decided to take a look at it. And I cannot confirm that. What I see on the daily is a rising wedge from the March lows, which has broken and is flagging. This looks near-term bearish to me.
On the weekly, I see a possible head and shoulders, also bearish.
And zooming way back out, I see an interesting pattern here. The spike ending in the 90s is a full 5-wave Elliott Wave impulsive structure. From that point, much like I believe gold is doing, it is creating a corrective flat. From a classical chart pattern perspective, the whole structure is a symmetrical triangle, but we can expect this to move down, breaking below.
This is no time to be bullish.
When friends ask what stock to buy, "but it's an all time high!"A lot of my friends ask me what they should buy. I usually say something like, I like XYZ right now. They don't ask why. They don't try to understand the context or the time frame. They simply respond with, but it's at an all time high. Then I shake my head at how everyone wants a discount + outsized returns.
Quality is at a premium for a reason.
Not all of my preferred stocks are always at all time highs, but they are almost always proving to be market leaders in their sector OR they are positioned to be a major turnaround story.
I used to bottom fish a lot. Buying historical low points in stocks, like energy stocks in 2016 (when everyone thought oil bottomed) or even recently in March (it worked, but so did ALL bottom fishing opportunities, including the bankrupt stocks).
Buying stocks at a discount often comes with a lot of headache. I am not saying it does not work. You need the right market conditions for it. Simple as that. Valuation as a fundamental strategy has not worked very well in the last decade for a reason, FED cough cough.. FED.
Typically , the best bottom fishing opportunities are stocks that consolidate for a long time (trade in a tight range) and end up breaking a new 52 week high before making a huge run.
Strength > weakness when it comes to trend following and seeing faster returns.
Know your time frame .
Buying strong names on weakness is great, but I've spoken with legendary traders that ALL say the same thing. The best trades always happen right away , without turning back .
So let that sink in.
Potentially Green Day Turned Red - Here's WHY - 06/10/20 RECAPHi traders,
Murphy says the very next time we decide to do something, it won't work. That's what happened to me on Wednesday as I re-entered Citigroup after missing a re-entry on Tuesday in PTON. Aaand ended with 2 losses. The day was even more painful because in UNFI I spotted 2 good opportunities - both of which worked - but did not get filled. A nice profit ended up in a loss. But all I can do is to readjust and try better next time!
Trades:
1) CSCO - SHORT @47.39, -0.14%
2) C - SHORT @56.98, -1.02%
3) C - SHORT @56.99, -1%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: -2.16%
Total PnL for the week: -2.05%
Good trades,
Tom | FINEIGHT
Twlo bounce play
What is TWLO?
Twilio Inc ., together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, and video capabilities into their applications.
Entry $180
Target 185
stoploss 177