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CISCO SYSTEMSCISCO SYSTEMSCISCO SYSTEMS

CISCO SYSTEMS

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CIS trade ideas

CSCO technicals show more downside aheadA symmetrical triangle pattern appears on the daily and intraday charts. Generally, price activity within this pattern should contract as price forms lower highs and higher lows. Symmetrical triangle patterns do not suggest a breakout direction, so other technical evidence must be considered. In this case, CSCO is snug against the lower trendline of the pattern. While this is an uptrendline, the upper trendline converging downward reveals that the pattern is contracting / consolidative. Momentum indicators shown include RSI and the Chande momentum oscillator. Both are bearish. RSI has struggled to make any progress above the 50 level. And Chande as of March 10 is below the zero level and sloped downward. CSCO is trading below its 200 SMA, 21 EMA, 34 EMA, and 50 SMA on the daily chart. And those moving averages are sloped and stacked in a bearish direction. A reasonable target might be around 49-50 over the coming weeks (perhaps as soon as days if the general indices experience another flush). To derive this target, project downward the maximum depth of the pattern from the anticipated breakout point. This leads to a downside target of 49-51 depending on the day the breakout occurs. Caveat: if the markets and SOX index start to recover decisively, consider an upside breakout a possibility, with a similar projected target near 60. But given the technicals, the probability of an upside breakout seems low.
NASDAQ:CSCO
by SquishTrade
1
Cautiously optimistic (near term)Everything is looking pretty bad out there. notably, almost no stock can their post-earnings bump (if they even had one - see GOOG and UPST). CSCO did though. This would be an 'iffy' early entry. It looks like it is bouncing off of the 200 EMA, stochastic is going higher and there is a MACD cross-over. However, the anchored VWAP (from all-time high) provides some resistance at $57.56. The general market is weak... prob best to play this with some tight stop losses and 1:1.5 risk-reward ratio. Out at $55 (allowing for some jitter below the 200 day EMA); take profits at $59 and fully exit if it hits $60.95
NASDAQ:CSCOLong
by Test_Monkey
Cisco down. CSCOImmediate targets 54.33, 52.64. Invalidation at 65. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NASDAQ:CSCOShort
by Rykin_Capital
CISCO - down. CSCO Short term outlook. Bearish outlook for gains at 56, then 54. Invalidation at 65. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NASDAQ:CSCOShort
by Rykin_Capital
Cisco Systems: Buying at Resistance Turned SupportCSCO - Short Term - We look to Buy at 59.26 (stop at 57.57) Preferred trade is to buy on dips. We have a 38.2% Fibonacci pullback level of 58.97 from 51.08 to 63.84. Previous resistance, now becomes support at 59.00. 20 1day EMA is at 59.80. The bias is still for higher levels and we look for any dips to be limited. Our profit targets will be 63.83 and 64.50 Resistance: 65.00 / 70.00 / 75.00 Support: 60.00 / 55.00 / 50.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:CSCOLong
by Saxo