Cisco- I will continue to hold longCup and handle formation has confirmed after prices had a strong breakaway gap, thus giving a strong confirmation of the upside by the pattern. Additionally, the target level of 161.8% extension has yet to be met. Hence, we are looking at the stock correcting to the nearby demand zone before edging upwards.
4CSCO trade ideas
$CSCO a marginal bullish outlook following Earnings releaseThe PEAD is projecting a marginal bullish outlook for $CSCO after a positive under reaction following its earning release with the stock currently trading just above the median line of the projected PEAD cone.
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$CSCO Cisco Systems - Potential to fill Huge Gap on chart
CSCO had a barnstormer earnings report and provided some very bullish guidance.
teh stock is still 15 5 of its 2020 high so there is potential for further upside .
Alert set for move above $42.00 with $43.88 as the first major resistance from the previous quarter Gap down.
Use Horizontal levels on teh chart as possible targets
CISCO (CSCO) breaks strong resistance at 39.62Share prices manage to break above stiff resistance at 39.62 but face another hurdle at the top of the price channel in the 30 minutes price chart around 40.77.
The current critical support and resistance estimates on the price chart are based on my indicator which predicts future price movements based on price action.
Support - 40.05, 39.62, 38.91, 38.48, and 37.76
Resistance - 40.77, 41.48, 42.19, and 42.90
ABC BullishGap over price/R may reside there at both the bottom and the top of gap down.
Possible targets 2 58 to 63.5
Possible stop below 37.5
Huge company/over 168 billion market cap Decent dividend yieilding 3.61%
This was has a tough time I think due to the growth factor
Value is there and they are profitable
Burned each quarter it seems at earnings time
NV is very high
Short interest is very low
Maybe she is as low as she is goona go? (o:
Go with your gut and trade safely. Persistence and determination will get you there
Not a recommendation
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.