CSCO trade ideas
CscoMajor rising wedge Here...
Not sure if it will break support but it should
pullback to support here around 50$
I like 51$
4/14.
Keep a tight stop at 52.50
Target trendline support
CSCO - Horizontal Trend Channel- CSCO is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction.
- CSCO has broken an inverse head and shoulders formation.
- A decisive break of the neckline at approximately 50 will signal a further rise to 64 or more.
- It also gave positive signal from the rectangle formation at the break up through the resistance at 49.
- Further rise to 52 or more is signaled.
- The stock has broken up through resistance at 50.
- In case of negative reactions, there will now resistance be support at 50.
- Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
Cisco Wavers After a Feeble RallyCisco Systems jumped on a strong quarterly report last month. However there’s been little follow-through, which could make some traders feel bearish.
The first pattern on today’s chart is the bullish price gap on February 16 after earnings, revenue and guidance beat expectations. Unfortunately for the bulls, CSCO’s high occurred just 19 minutes after the opening bell. Was that as good as it gets?
Second, prices have been trapped inside the big weekly candle created by the surge. A break of that tight consolidation could give way to sharper movement.
Next, MACD shows momentum sputtering over the last month.
Fourth, CSCO has tried to remain above its 21-day exponential moving average (EMA) but is now at risk of slipping below it.
Finally, traders looking to the downside may eye the February low of $46.43 as a key level. It would also be the bottom of a price channel potentially forming along the recent highs and lows.
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CISCO Stock Chart Fibonacci Analysis 030723 1) Find a FIBO Slingshot
2) Check FIBO 61.80% level
3) Entry Point > 49/61.80%
SasanSeifi 💁♂️CSCO / 1D ⏭ $54 ? LET'S SEE✌HI ✌The possible scenario of CSCO is specified. As you can see, the trend is fluctuating between the ranges of $45 and $50. The price is in the range of $49 and above EMA 60. Currently, the scenario that we can consider is if the dynamic resistance breaks and stabilizes above the $50 range, the price will grow to the $54/$56 range. We have to see how it will react to the $50 range.
let's see...
❎ (DYOR)...⚠⚜
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Csco wedge to 52Oversold , has been falling hard with the dow jones since earnings beat.
Bounced friday on trendline support at 50sma (Purple wave).
Even though Csco is a tech company it like Intel moves more in sympathy with Dow jones instead of Nasdaq. They both are part of dow 30.
I feel like the dow will bounce this week and if it does look for a 5% move here
CiscoCSCO stock nicely bounced from its 200MA now it is above both 20 and 50 MA's I think CSCO wants to test the December high.
Cisco Inc. (CSCO) bullish scenario:The technical figure Ascending Triangle can be found in the daily chart in the US company Cisco Systems, Inc. (CSCO). Cisco Systems Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. Cisco specializes in specific tech markets, such as the Internet of Things (IoT), domain security, videoconferencing, and energy management with leading products including Webex, OpenDNS, Jabber, Duo Security, and Jasper. The Triangle broke through the resistance line on 17/02/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 7 days towards 52.35 USD. Your stop-loss order, according to experts, should be placed at 46.43 USD if you decide to enter this position.
Investors grew optimistic about Cisco's stock last week after the company reported non-GAAP (adjusted) earnings of $0.88 per share, which was an increase of 5% from the year-ago quarter and beat analysts' consensus estimate of $0.85.
The tech giant also impressed inventors with its second-quarter sales of $13.6 billion -- up 7% year over year -- which outpaced Wall Street's expectation of about $13.4 billion for the quarter.
Sales climbed higher due in part to the company's total software revenue rising 10% from the year-ago quarter to $4.2 billion. Cisco's management said on the company's earnings call that 84% of its software revenue is now subscription-based, up 4% from the year-ago quarter.
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CSCO - Cisco Buy / Target $600. Notes to follow;
1. CSCO blowout quarter;
2. CSCO raising guidance;
3. More notes here.
Watchlist 2023-02-17 #DKNG #SABR #CSCO #MRNA #XP #STEM SPY - in a week filled with negative news; CPI revised higher, PPI hot, jobs number higher than expected, SPY still showed resilience as I tried to break and hold 413. However, the straw that finally broker the camel's back was Bullard (a non-voting member) indicating a 50 bps hike would be his choice at the next meeting. SPY dropped like a rock from there on out until this morning, gapping down to 406. The bearish bias is set for me IMO. If we push higher, looking to start selling the weak names once spy gets to 4010 resistance. If a heavy channel forms around the bottom range, I'd need to see a fake out above the channel first before shorting - that gives me confidence the move lower will be sustained and improves R/R.
Long Watches:
DKNG - up 1.6 ATRs after record revenue and increased 2023 guidance. 18.60 is the PM low and PD low which would be a terrific entry if there is value buying. Otherwise. Will be prepared for a pullback trade as it's close to the key 19.75 pivot.
SABR - down 20% 2 days ago. Had a nice rally yesterday. Want to see support again at key pivot at 5.56. N Above 5.75 there is room to 6.23
CSCO - earnings and revenue beat, annual forecast raised. Long over 50.50
Short Watches:
MRNA - Moderna flu vaccine delivers mixed results in trial. Gapping just under the key pivot at the bottom of the range, under the 200 EMA, AND after a weak bounce. A+ trade if we can see some vol show up in the morning - only trades 50k shares by 8:30.
STEM - Q4 sales miss. Short under the key pivot of 8.70 and below the range with declining Mas. Down a nice 1 ATR but only 50K in PM vol so far. Want to see a rejection of HVN 9.10 first.
XP - below a double bottom pivot, All-time low, and below a few days of wicking daily bars. Announce back in jan they would be laying off employees so there is certainly some folks who bought under this news. Everyone is now underwater, showing huge weakness in the PM with 250K shares traded and gapping down 3 ATRs. Need a pattern first so hopefully this doesn’t tank immediately.
I focus on names trading elevate RVOL>2, trading past key ranges and pivots, preferably with news catalysts
CISCO Strong price jump. Still high upside potential.Cisco Systems (CSCO) opened today considerably higher leaving behind both the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line) which was its Resistance this week. The price even broke above the 0.5 Fibonacci retracement level for the first time since May 04 2022. Needless to say this is a major bullish break-out from all perspectives.
We expect a pull-back only after the 1D RSI hits 74.00, which has been the overbought level that caused major corrections. Up until that overbought level, the stock rose every time (3 occasions) by a minimum of +22.50% (others +26% and +30%). Assuming we see another (minimum) +22.50% rise before an overbought 1D RSI rejects the uptrend, we can expect a new High around $56.80, which is exactly at the bottom of a Resistance Zone holding since February 18 2022 (almost a year!) where 4 rejections took place a little after the peak of the market.
Notice that a 1D Death Cross on March 21 2022 was what really made the price collapse aggressively during the Bear Market and a 1D Golden Cross (December 28 2022) is what can potentially make it recover the full distance to the prior market High.
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DunnoI am not sure the structure up there is a flag because if it it is a heavy flag.
Flags are great but when they go on and on and on, they can make the pole fall down.
Neither here nor there, CSCO beat earnings today so curious to see if this will hit EL.
I have been eyeballing this one for a while now and it has been a bit stagnant.
Good dividend and as a rule, this stock is not volatile.
No recommendation.
EPS (FWD)
3.55
PE (FWD)
13.45
Div Rate (FWD)
$1.52
Yield (FWD)
3.19%
Short Interest
1.01%
Market Cap
$195.96B
CSCO Cisco Systems Options Ahead of EarningsAfter my last Price Target was reached:
Now looking at the CSCO Cisco Systems options chain ahead of earnings , I would buy the $45 strike price Puts with
2023-4-21 expiration date for about
$1.57 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
Short term outlook on CSCO - EW analysisOn friday january 20 I posted an idee in the German version of Tradingview calling for a bottom in CSCO. Since then CSCO rallied in two distinct upward waves, which I would identify as a double 1 - 2.
If you look at a seasonal chart of CSCO it suggests another trough around january 30 - 31 before further rally up until may. If the rally from january 25 is an impulse wave, then the target would be around 48 USD, the low of the preceding wave 4 of one lesser degree.
In a more bearish scenario the whole advance from january 24 could be labeled as an overshooting wave b or x. In that case the correction could extend into the area of 47 - 47,5 USD.
So CSCO is up for further declines on monday and probably into early tuesday. In late trading on tuesday we might already see a turnaround leading us into a wave 3 rally.
Cisco’s strength to be challenged coming into the new yearCisco Systems, Inc. (symbol ‘CSCO’) made somewhat consistent profits throughout the last quarter of 2022 with some sideway movement on the share price in the last month and a half. The company’s earnings report for the fiscal quarter ending December 2022 is set to be released on Wednesday 15th of February, after market close. The consensus EPS for Q4 is $0.76 compared to Q4 2021’s $0.77.
‘The latest current ratio of the company ( meaning the ability of the company to repay its short term liabilities) is at 1.43 which in combination with a payout ratio of 54.51% shows that the company is healthy at least in the short term. This in combination to the dividend yield of 3.20% make the company an attractive addition to an investors portfolio. ’ said Antreas Themistokleous at Exness.
Based on technical analysis the share price is trading on a major technical resistance which consists of the 20 and 100 day moving average and the 23.6% of the daily Fibonacci retracement level.
The Stochastic oscillator is not indicating any overbought or oversold levels so based solely on technical analysis principles the most possible scenario could possibly be the continuation of the bearish movement at least in the short term. If this scenario is confirmed in the following sessions we might expect some support around the $46 price area which consists of the 38.2% of the Fibonacci and also the lower band of the Bollinger bands.
CSCO SetupCisco Setup
1- Current trend is sideway, it was bullish Previously
2- Consolidation mode, let the price break the rectangle from upwards
3- Next resistance is at 50 and then 54
4- Next Support is at 46
5- if price goes above 50 then you can enter
Entry: 50.5
SL: 47.6
TP: 54
RRR: 1:1
CISCO SISTEMS new bullish push, high acc. expected
Hi viewers, CSCO technically watched here now expecting new bullish push
TP1:52
TP2:53
TP2:54
Cisco to stall at previous highs.Cisco Systems - 30d expiry - We look to Sell at 50.29 (stop at 51.58)
50 continues to hold back the bulls.
Trading close to the psychological 50 level.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
A bullish reverse Head and Shoulders has formed.
Our profit targets will be 47.07 and 46.07
Resistance: 50.00 / 50.71 / 52.00
Support: 48.00 / 46.70 / 45.70
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CSCOA good opportunity to long position and get a good profit from the attractive American stock market
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CSCO short setup Bearish momentum is expected in this stock because
1. Harmonic pattern AB=CD completed
2. Rejected from resistance
3. Made double top
4. trend line broken
5. strong support of fib line broken
Cisco Systems CSCO Analysis over 10 Years (2013-2022)Seasonal Pattern Observations:
1- over the 10 years stock value went from 20 to 50 usd (150%) while the highest was 64 in Jan 2022
2- 5 out of 10 times Jan was Bullish
3- 9 out of 10 time Feb was in Bullish
4- 10 out of 10 times July is Bullish
5- 5 years was in profit and 5 years in loss
Behaviour & Nature Observations:
1- whenever the Year is in Loss the most lost weeks are from Jul-Aug-Sep
2- 8 out of 10 there are chances that there will be a dip in 4th Q, and when there is no dip you can expect a continuation bullish run till Dec
3- 4th Quarter is the correction phase
4- When Mar is bearish a big dip is expected
Time Cycle Observations:
1- Feb & Mar are normally accumulation phase
2- Aug & Sept are usually bearish
CSCO retraceIn weekly chart, it is at the resistance from the red trend line and green band, means high potential a retrace will be formed in weekly chart.
In daily chart, TD 13 shows the rebound could be terminated after it break out the red color long term down trend band, the upward momentum could be reduced due to it. It is time to take profit before the announcement of US election's result.
