CSCO Is About To Move Down 7% !!!Based On My Trading Algorithms CSCO Is About To Move Down 7% !!!Shortby MasterFX_TheForexCode2
CSCO: Markets Have Memories – Because Traders Do. On Friday, March 7, 2025, after a spectacular 40% rally over the past nine months, CSCO closed at $63.95—just $0.30 below its March 2021 high of $64.25. Every pullback along the way was so brief that if you didn’t have a bid in, you probably missed your chance. Now, with the stock showing serious strength near multi-year highs, the big question is: "How far can it go?" The answer? There’s no limit to how high a stock can go. Yet for Cisco, the next meaningful stop is $82—a level it last reached 25 years ago. This stock holds a special place for me. CSCO was the first stock I ever traded when I started as a proprietary trader in 2000. Back then, it was already a "market" stock—plenty of liquidity, relatively low volatility. But in 2000, I struggled to trade it because I thought "it moved too slow." The irony? I had no idea what "slow" really meant in the markets. Fast forward 25 years, and here’s what I know for sure: 👉 No matter how slow a stock moves, as long as it’s going in your direction, you hold it. So here I am, 25 years later, finding it hard to believe I’m looking to buy the same stock I first traded a quarter century ago—CSCO. Longby onlytrade2win0
CSCO: Strong Buy in My Radar List - Feb. 26Technical Analysis (TA) & Price Action Cisco Systems (CSCO) has recently broken out of a falling wedge pattern and is showing signs of a potential reversal. The stock reclaimed key support levels and is attempting to establish a higher low for continuation. Key observations: * Trend Structure: CSCO has broken out of a falling wedge and is attempting a trend shift toward higher highs. * Support & Resistance: * Major Resistance: $65.50 (CALL Resistance & Gamma Wall) * Key Support: $63, followed by $62.50 * Stronger Support Zones: $61 (PUT Wall) * MACD Indicator: Neutral, awaiting bullish confirmation with a potential crossover. * Stoch RSI: Cooling off slightly but still in an upward trajectory. Options Flow & GEX Analysis The GEX (Gamma Exposure) indicator signals positive gamma flow, with key call resistance aligning near $65.50, suggesting a breakout here could push the stock significantly higher. * IVR (Implied Volatility Rank): 14.3, with IVx avg at 21.7%, indicating a lower volatility setup. * Put Side Bias: Only 4% PUT flow, meaning limited downside hedging. * Key GEX Levels: * CALL Wall Resistance: $65.50 → Breakout target toward $67.50 (3rd CALL Wall). * PUT Support Zone: $61 → Breakdown could see a test toward $60. Trade Plan & Suggestions 📌 Bullish Trade Setup (Preferred Play) * Entry: Above $64.50 with volume confirmation. * Target 1: $65.50 * Target 2: $67.50 (3rd CALL Wall) * Stop-loss: Below $63 📌 Bearish Alternative (Hedge Play) * Entry: Below $62.50 with increasing selling pressure. * Target: $61 → $60 * Stop-loss: Above $64 Final Thoughts CSCO is on watch for a potential breakout above $65.50. Options data shows limited downside risk, while positive gamma exposure could fuel upside momentum. If $64.50 holds, this stock has the potential for a strong bullish continuation. 📢 Risk Management: Adjust stop-loss levels according to your risk tolerance. Be mindful of the upcoming price action confirmation before entering a position. 🔹 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk accordingly before trading. Longby BullBearInsights1
What Network Leap Forward is Cisco Making?Cisco Systems Inc. is not merely adapting to the digital era; it's pioneering it. With strategic foresight, Cisco has leveraged its legacy in networking to embrace the future of artificial intelligence (AI), as evidenced by its optimistic revenue projections for fiscal 2025. This leap forward is not just about increasing numbers but also about reshaping the infrastructure backbone for AI across enterprises, challenging traditional views of network capabilities. At the heart of Cisco's evolution is the Global Enterprise Modernization Software and Support (GEMSS) agreement with the U.S. Department of Defense, marking a transition from conventional networking solutions to a more dynamic, software-centric approach. This initiative secures Cisco's role in government technology and demonstrates its commitment to modernizing security and efficiency through zero-trust architectures in public sector environments. Such moves inspire us to rethink how security and connectivity can coexist in increasingly complex digital ecosystems. Moreover, Cisco's strategic acquisition of Splunk and its focus on recurring revenue through cloud services illustrate a broader industry shift towards sustainability and scalability in business models. This pivot challenges business leaders to consider how they can transform their operations to be more resilient and adaptive in an AI-driven market. As Cisco navigates through governmental sales downturns with a diversified supply chain strategy, it sets a precedent for corporate agility in the face of global economic shifts, urging us to look beyond immediate challenges to the vast opportunities on the horizon. Longby UDIS_View5
Cisco Systems Up 7% In Premarket Amidst Rising Annual OutlookCisco Systems (NASDAQ: CSCO) is making headlines as its stock surges 7% in premarket trading, fueled by a robust earnings report, an upgraded annual revenue outlook, and solid demand for its networking gear. Strong Earnings and AI-Driven Growth Cisco’s latest earnings report and guidance have impressed analysts and investors alike. Here’s why: 1. Upgraded Revenue Guidance: Cisco raised its fiscal 2025 revenue forecast to $56 billion–$56.5 billion, up from its previous range of $55.3 billion–$56.3 billion. This upward revision reflects strong demand for its networking products, particularly routers and ethernet switches, which are critical for AI-powered data centers. 2. AI as a Growth Catalyst: CEO Chuck Robbins highlighted Cisco’s role in helping customers scale their network infrastructure to meet the demands of AI. With AI adoption accelerating, Cisco is well-positioned to benefit from the surge in data center investments. 3. Strong Q2 Performance: Cisco reported Q2 adjusted earnings of $0.94 per share, beating estimates of $0.91, and revenue of $13.99 billion, surpassing the expected $13.87 billion. This marks another quarter of consistent execution and growth. 4. Shareholder-Friendly Moves: The company increased its dividend by 3% to $0.41 per share and authorized an additional $15 billion in share buybacks, bringing its total repurchase program to $17 billion. These moves underscore Cisco’s commitment to returning value to shareholders. 5. Resilience Amid Tariff Headwinds: Despite the impact of tariffs on China, Cisco has factored these costs into its guidance, demonstrating its ability to navigate macroeconomic challenges. Technical Analysis: From a technical perspective, CSCO is showing strong momentum, but traders should be mindful of potential pullbacks. 1. Premarket Surge: CSCO is up 6.90% in premarket trading, reflecting strong bullish sentiment following the earnings report. 2. Overbought Conditions: The stock closed yesterday’s session with an RSI of 78.26, indicating overbought conditions. This suggests a potential pullback in the near term, which could provide a buying opportunity for traders. 3. Key Support and Resistance Levels: - Support: The 38.2% Fibonacci retracement level could serve as a key support zone if the stock cools off. - Resistance: A breakout above the 1-month high of $67 could open the door to further upside, potentially targeting the analyst price target of $75. 4. Long-Term Uptrend: CSCO has gained over 17% in 2024, reflecting strong institutional interest and a favorable market outlook. Analyst Sentiment and Valuation Analysts are bullish on CSCO, with at least six firms raising their price targets following the earnings report. The average 12-month price target stands at $60.82, representing a slight downside from current levels. However, this target may be revised upward given the company’s strong performance and growth prospects. - Valuation: CSCO trades at a 12-month forward P/E ratio of 16.23, significantly lower than peers like Arista Networks (43.21). This makes Cisco an attractive option for value-oriented investors. Conclusion: A Stock to Watch Cisco Systems is riding a wave of strong fundamentals and technical momentum. Its upgraded revenue guidance, AI-driven growth potential, and shareholder-friendly policies make it a standout in the tech sector. While the stock is currently overbought, any pullback to key support levels could present a buying opportunity for long-term investors. Longby DEXWireNews3
Cisco systems can show bullish move from 62 to 110 According to elliott wave analysis, Cisco systems has broke its wave 3 subwave 1 high, and now can make its wave 3 subwave 3 till 110 levels. by mohitdevelopments0
Speculative Madness: The Market’s Bubble Stocks Some stocks areSpeculative Madness: The Market’s Bubble Stocks Some stocks aren't just overvalued—they're in full speculative bubble mode. Fundamentals? Irrelevant. When euphoria takes over, rationality disappears. Here’s my list of bubble stocks that scream unsustainable pricing: SBUX, T, PLTR, BMY, PYPL, NFLX, GS, ISRG, ARM, C, SHOP, BSX, SPOT, UBS, IBKR, RELX, CEG, CRWD, MSTR, MMM, DASH, COF... And let’s not forget the obvious: TSLA, META, AMZN, AVGO, GOOGL, JPM, MA, V, WMT. Honestly, the entire banking sector, brokers, and tech are in bubble territory. What the hell is going on with this market? Why are algos just buying, buying, buying, squeezing all the shorts?! Unbelievable. The dump will be insannnnnnnne!!! 🚨 Shortby Maximus200001
2000 $CSCO vs 2025 $NVDA, is the similar crash possible?🚨 Could Nvidia be the next Cisco? 🚨 In 2000, Cisco dominated networking with its own chips. But competitors used cheaper, nearly as effective chips, and the stock dropped from $82 to $8 in just 2 years. Is the same fate possible for Nvidia? Cisco invested heavily in its IOS CLI and aggressively defended it. Nvidia did the same with CUDA, taking action against anyone trying to make alternatives. But now, competition is heating up. DeepSeek and other companies could lead those who over-invested in Nvidia chips on borrowed money to offload them, flooding the second-hand market with GPUs. Meanwhile, the Magnificent 7 might slow down orders since they already have tons of Nvidia chips stockpiled. Just like Cisco switches were 80% off in 2001, could we see a similar scenario with Nvidia? And let’s talk about the $2000 RTX 5090 — would you buy one today? Nvidia has committed huge resources to TSMC for chip production. They could be facing an overstock issue, and slashing prices could hurt profit margins. 😬 We will soon know the direction it will go, next few quarters will show us all.by ProfitTradeRoom4
CSCO Analysis for Trading and Options - Heading to New Heights?Technical Analysis for Trading: * Current Trend: CSCO has broken out of a consolidation phase, forming a steady uptrend. The stock is now trading above the prior resistance of $61, showing strength in buyer momentum. * Key Levels: * Support: $59.67 (previous resistance turned support), $58.18 (strong support). * Resistance: $63 (next psychological and GEX barrier), $64 (all-time high target). * Indicators: * MACD: Neutral-positive crossover, suggesting sustained momentum if volume increases. * Stochastic RSI: Overbought, indicating the possibility of a short-term pullback before continuing higher. Trading Outlook: If CSCO holds above $61, it is likely to test $63 soon. A pullback to $60 could offer a re-entry for swing traders targeting $63–$64. Tight stop-loss recommended at $59.50. GEX-Based Options Trading Strategy: * GEX Insights: * Highest Call Wall: $63 (likely resistance). * Highest Positive GEX Level: $61.50–$62 (current gamma support zone). * Put Wall: $58, indicating downside protection. * Options Metrics: * IV Rank: 42.2 (moderate). * Call Volume: 18.4%, showing bullish sentiment in options activity. * Strategy: * Bullish Play: Buy a $61.5 Call (2/2 Expiry) if CSCO holds above $61. Targeting $63–$64 with a short-term horizon. * Neutral Play: Sell a $58 Put (2/2 Expiry) to capitalize on support and time decay. * Risk-Managed Play: Vertical Call Spread $60/$63 (2/2 Expiry) for a lower risk-reward ratio. Conclusion: CSCO’s bullish breakout sets it up for a potential move to $63 and beyond. With GEX metrics aligning with technical momentum, the stock is positioned for a strong short-term run, provided it sustains $61. Disclaimer: This analysis is for educational purposes only and not financial advice. Please conduct your own research and trade responsibly. by BullBearInsights2
Cisco- 19/1/2025Risk Management • Position Sizing: • Risk no more than 1–2% of your total portfolio on this trade. • Example: For a $50,000 portfolio, limit the risk to $500–$1,000. • Risk-Reward Ratio: • Aim for a minimum of 1:2 or 1:3 risk-reward ratio (e.g., risking $1.50 to gain $3.00).by fixie2240
Cisco Systems (CSCO) – Target Price Analysis 19%Key Observations: Elliott Wave Count: Wave 4 correction has been completed, and the price has initiated Wave 5. Price is moving within the projected Fibonacci levels to a potential target zone. Key Targets: Primary Target: $67.81 (1.618 Fibonacci extension). Intermediate Targets: $63.79 (1.00 Fibonacci extension) and $61.30 (0.618 Fibonacci extension). Support Zones: Immediate support: $57.27–$55.50 (Wave 4 retracement levels). Major support: $52.58. Trendline Structure: The price is trending above the yellow channel, signaling bullish momentum. Breakout above resistance confirms upward movement. Scenario: Bullish Scenario: Price Target: $67.81. Strong bullish momentum supported by Elliott Wave progression and Fibonacci levels. Bearish Scenario: A drop below $52.58 may invalidate the bullish setup, leading to a potential move to the lower support at $42.19. Conclusion: Target Price: $67.81 (19% upside from $57.00). Confidence Level: High, provided support levels hold. 📢 Disclaimer: This analysis is for educational purposes and does not constitute financial advice. Conduct your research and consult a financial advisor before trading. 🚨 You said: add proboboloty, remove the colors ChatGPT said: ChatGPT Cisco Systems (CSCO) – Target Price Analysis Key Observations: Elliott Wave Count: Wave 4 correction has been completed, and the price is initiating Wave 5. Price is moving within the projected Fibonacci levels to a potential target zone. Key Targets: Primary Target: $67.81 (1.618 Fibonacci extension) with a 70% probability of success. Intermediate Targets: $63.79 (1.00 Fibonacci extension) with a 60% probability, and $61.30 (0.618 Fibonacci extension) with a 50% probability. Support Zones: Immediate support: $57.27–$55.50 (Wave 4 retracement levels). Major support: $52.58, which could act as a critical invalidation level. Trendline Structure: The price is trending above the channel, signaling bullish momentum. Breakout above resistance confirms upward movement toward target levels. Scenario: Bullish Scenario: Price Target: $67.81. The probability of reaching this target is supported by the current upward momentum and Fibonacci structure. Bearish Scenario: A drop below $52.58 could invalidate the bullish setup, leading to a potential decline toward $42.19. Conclusion: Target Price: $67.81 (approximately 19% upside from $57.00). Confidence Level: High for the primary target, contingent on holding key support levels. 📢 Disclaimer: This analysis is for educational purposes and does not constitute financial advice. Conduct your research and consult a financial advisor before trading. 🚨 Longby Mcenzy0
$CSCO with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:CSCO after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.Longby EPSMomentum1
Cisco (CSCO): Waiting for an entry after earningsCisco NASDAQ:CSCO recently reported its Q1 earnings, and the results exceeded expectations. With a reported revenue of $13.841 billion versus the estimated $13.775 billion, and earnings per share (EPS) coming in at $0.91 against an expected $0.872, the company delivered a positive surprise. This marks the ninth consecutive quarter where Cisco has beaten revenue estimates. On the technical side, the previously bearish outlook has been invalidated. We have updated our chart, adjusting the wave (4) bottom to align with the lower trend channel. After a remarkable 33% rally in just 100 days, the stock is due for a “healthy” pullback, potentially targeting the range high of $52-$48. However, this will heavily depend on further market reactions to the earnings report. From a broader perspective, we are now targeting a push towards or even above the upper trend channel for the wave 3 and subsequently the wave (5). However, these moves are long-term prospects and will take time to materialize. The focus remains on recurring revenue, which has grown significantly year-over-year, reaching $29.6 billion in the fourth quarter. While recurring revenue from subscriptions is a bullish factor, potential concerns regarding company spending in the second half of 2024 need to be monitored. We are closely observing the lower time frame for potential entry opportunities, keeping an eye on the anticipated pullback to confirm healthy growth momentum.Longby freeguy_by_wmc2
CiSCO: 53 | $0.07 to $80.0 Reset to $8.0a look into the HYPE and Revolutionizing Technology back in the day when it was DOMiNATiNG connectivity security and hardware paraphernalias TRENDS remains the same from Blockchain to Ai to and maybe ALiEN technology laterf i guess this is where the mother of 1,000x 100,000% return by senyorUpdated 226
CSCO buyingThe arrow is exchanging roles and its target is the channel ceiling. If the channel is breached upwards, its target will be 63 or more.Longby Abu-Rital1
CSCO Cisco Systems Options Ahead of EarningsIf you haven`t bought the dip on CSCO: Now analyzing the options chain and the chart patterns of CSCO Cisco Systems prior to the earnings report this week, I would consider purchasing the 57.5usd strike price Calls with an expiration date of 2024-11-15, for a premium of approximately $1.87. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Longby TopgOptions2
What Cisco’s Technicals and Fundamentals Say Ahead of EarningsTech giant Cisco Systems NASDAQ:CSCO will report fiscal Q1 earnings next week at a time when its stock is up some 30% since August, but still below levels seen in both the 2021 and 2000 stock-market booms. What does the company’s technical and fundamental analysis look like heading into next Wednesday’s scheduled report date? Let’s check it out: Cisco’s Fundamental Analysis CSCO -- which sells systems for networking, security and cloud services -- plans to report earnings after the bell next Wednesday (Nov. 13). As I write this on Thursday afternoon (Nov. 7), analysts are expecting the company to post $0.87 in adjusted earnings per share on $13.75 billion of revenue. That would represent a 2.2% decline from the $0.89 in adjusted EPS that CSCO reported in the year-ago period, as well as a 6% drop year over year in revenues. The stock currently trades at 16x estimated forward earnings vs. the tech industry’s 28x average. CSCO also currently pays stockholders $1.60 per share in annual dividends (a roughly 2.85% dividend yield). Short interest stands at 1.43% of the stock's total float, which is very low by market standards. Meanwhile, Cisco generated $10.9 billion of operating cash flow and $10.21 billion of free cash flow in the 12 months ended July 27. Those look like fairly beefy numbers, and CSCO used $6.8 billion of that to repurchase common stock over the past 12 months, plus $6.4 billion to pay out dividends. As for Cisco’s balance sheet, the company had $18.6 billion in cash as of July 27, along with $3.4 billion of inventories and $38.9 billion in current assets. That measured up against $40.6 billion in current liabilities, excluding $11.4 billion in debt maturing within 12 months. Those numbers put the firm's current and quick ratios at 0.96 and 0.87, respectively. Such ratios might not look so hot to many investors, but Cisco’s list of liabilities includes $16.3 billion in unearned revenue -- something Wall Street generally doesn’t view as a true financial obligation. Once adjusted for unearned revenue, Cisco’s current and quick ratios improve to 1.58 and 1.46, which many would say isn’t bad at all. In fact, of the 18 sell-side analysts I found that cover Cisco, 14 have raised their earnings estimates for next weeks’ results since the current quarter began. Cisco’s Technical Analysis Here’s Cisco’s daily chart going back a little more than a year: Readers will see quite a lot going on here, such as a giant cup pattern that stretches September 2023 to the present time (the light-blue line in the chart above). This cup hasn’t yet added a handle, which such patterns don’t always produce. But when they do, the stock's pivot point traditionally moves from the pattern’s left-side top to its right-side top. Readers will also see that the cup pattern above displays a 100% Fibonacci retracement (denoted by the gray boxes above) of Cisco’s September 2023-to-August 2024 sell-off. A Raff Regression model (the shaded red and blue fields to the chart’s right) also illustrates this retracement move. The multiple orange ovals on the chart show areas where Cisco saw price gaps. Notably, the latest such gap from early November (denoted with the oval all the way to the chart’s right) has not yet filled. That fact and the stock’s 100% Fibonacci retracement suggest a potentially imminent addition of a handle to Cisco’s cup pattern. Additionally, readers will note that CSCO’s Relative Strength Index (the gray line at the chart’s top) borders on being technically overbought. That’s another sign of the stock forming a possible handle. Lastly, Cisco’s daily Moving Average Convergence Divergence -- or “MACD,” denoted by the black and gold lines and blue bars at the chart’s bottom -- looks somewhat noncommittal. CSCO’s 12-day Exponential Moving Average (or “EMA,” denoted with a black line above) is attempting to cross over its 26-day EMA, marked with a gold line. That’s typically a bullish technical indicator. However, the histogram of Cisco’s 9-day EMA (the blue bars above) is currently neither in positive nor negative territory. Add it all up and CSCO looks like it’s currently working with a $58 pivot point, which also happens to be the 100% Fibonacci retracement level. Should the stock’s chart develop a handle from here, Cisco’s pivot would likely remain at $58 given that the cup pattern’s two sides are of equal height. But if CSCO rallies a bit more ahead of developing a handle, its pivot point would typically rise. (Moomoo Markets Commentator Stephen “Sarge” Guilfoyle had no position in CSCO as of the time of writing this column.) This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC. TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform.by moomoo115
CSCO Stock: How To Find This Stock Using This 3 Step SystemI am trying to find a good stock to buy because the financial markets are ripe for a buying opportunity. It was when I was scanning for stock to buy using about 5 indicators I found this one NASDAQ:CSCO Now am not going to share with you all the 5 indicators I used because trading view has a paywall ..but I will share with you a very simple indicator called the rocket booster strategy.. To learn more about this indicator watch this video from start to the end. Rocket boost this content to learn more. Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management and profit-taking strategies.Long03:11by lubosi3
CSCOThe CSCO stock is very promising for investors, with excellent indicators. It has formed a symmetrical triangle on the weekly chart, which has been strongly broken out of after a significant accumulation phase at $55.95. Currently, we are at a resistance zone where we expect a correction. There are two scenarios: either a correction to the upper boundary of the triangle, followed by price action that leads to a strong upward movement towards the target, or a deeper correction to the demand zone that coincides with the 200-day moving average on the daily chart, from which we could see strong momentum pushing the price up to $70.50I hope for the second scenario to occur, as it would provide an excellent entry point close to the stop-loss, which is set at a close below $43.Longby IbrahimTarek4
CSCO LONGCisco breakout should hit 58.11 at least. before the apex of the ascending wedge. sitting right on the LVN for the range.Longby SPYDERMARKET0
Bullflag and a zone on CSCO! 🔉Sound on!🔉 Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life! Long01:00by OptionsMastery2
Cisco Systems Inc | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session # Trend | Time Frame Conductive | Weekly Time Frame - General Trend - Measurement on Session * Support & Resistance * Trade Area | Focus & Motion Ahead # Position & Risk Reward | Daily Time Frame - Measurement on Session * Retracement | 0.5 & 0.618 * Extension | 0.786 & 1 Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | BuyLongby TradePolitics1
CSCO short term short scalp with putsSomeone once told me never to short a stock on a bull run. My algo at that time said the stock was historically overbought, so of course I listened to the algo. I made 42% the next day. I can't say who was right or who was wrong generally, but I usually listen to the algo and I'm doing it again. My algo tells me CSCO has been overbought for 6 days (including at this point today). It has only stayed overbought for that long 3 times in the last 8 years, and the most recent time was March of '21. I'm betting that this 6 up days in a row rally takes at least a one day break in the next 1 or 2 trading days, possibly as early as today, which is why I didn't wait until the end of the day to buy. NASDAQ:AVGO had a similar but even more historically extreme setup but I didn't find it until after the market closed last night and it opened sharply lower, so I missed my chance there. I went long the Oct 4 $52 puts that cost me .25 with the stock at 52.99 and I will sell as soon as they are profitable at the end of a trading day. Maybe sooner if a drop happens this afternoon. This is market based edutainment and involves a system still undergoing testing, so it is not intended as investment advice. Particularly the short date on the expiration makes it a somewhat riskier trade.Shortby redwingcoachUpdated 442