Get started

Networking

CSCO Log Chart AnalysisGood reclaim of important monthly level, I'd prefer to see a nice retrace back to 57s but the opportunity cost may outweigh the better entry. We're entering peak euphoria ranges from the internet bubble... if we escape this range, north of $82 the fun really starts. All time highs are a mere 40% away, with 50%+ upside from there. Take profit levels marked using fib retracement of the internet bubble top and bottom. I expect this to run from this spot, good R:R with scaled stops under the monthly level. Considering this analysis was done at high time frame, it may take a while to play out. Below 53.41, I think this trade is invalidated.
NASDAQ:CSCOLong
by pobudz
The Tech Stock Trade: Cisco (NASDAQ:CSCO)Yesterday, Cisco (NASDAQ:CSCO) reported earnings. Cisco is one of those old tech stocks, like Yahoo (NASDAQ:YAHOO), Microsoft Corporation (NASDAQ:MSFT) and IBM (NYSE:IBM). One thing they all have in common is the possibility of going lower in the coming days. Also important to note is that the major indices, specifically the S&P500 (NYSEARCAPY), saw some selling after making a new high. Now, CSCO (NASDAQ:CSCO) has gapped higher and the daily chart is showing a topping-tail on volume. This action on the daily chart is telling us that institutions are selling the stock. As a technical trader I will play this on the short side after a retrace into the tail to minimize my risk . Join us in the Elite Round Table to get our live trade alerts, when we enter and exit stocks for profit,step inside here. www.inthemoneystocks.com Kristof De Block Elite Round Table, Pro Trader
NASDAQ:CSCOShort
by KristofDb