Cisco has reacted to resistance levels!Tech has lead the charge to prop up this market and the last stance has probably hit its wall. Here is a preliminary target for the first move downward.
CIS trade ideas
$CSCO $47 target post earnings
Often a frustrating stock to hold into earnings.
Does not make get the attention that the new breed of stocks gets.
Indicators are turning bullish
CSCO EARNINGS DUE TOMORROW DO A CALL TRADE READ MOREInvestors are always looking for stocks that are poised to beat at earnings season and Cisco Systems, Inc. CSCO may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Cisco is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for CSCO in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 76 cents per share for CSCO, compared to a broader Zacks Consensus Estimate of 72 cents per share. This suggests that analysts have very recently bumped up their estimates for CSCO, giving the stock a Zacks Earnings ESP of +6.29% heading into earnings season.
I BOT THE 43.5 CALL, IF YOU DON'T TRADE OPTIONS BY A FEW SHARES OF THE STOCK
CSCO pre earningsCSCO - Not really that bullish but I can see a strong earnings week. CSCO had a bullish engulfing last week, but has a lower high and a lower low. Very interesting, I say buy into earnings and then possibly just will bomb earnings regardless of expected gains. Volume is barely gaining and although it can smash, I don't see big earnings bumps unless pre earnings is quite quiet. Lows were bought up but current level is a big hover.
CSCO - Bearish Outlook near termCSCO rejected resistance line multiple times and is beginning to show weakness and break bullish wedge trend with higher lows and higher highs. Rising wedges also typically have a breakout to the downside as buyers exhaust and that is my expectation with CSCO as well.
$CSCO Head and Shoulders forming?With earnings coming up, will the pattern complete?
I trust on this company, specially now with COVID-19, they have their own "zoom", but also they depend a lot on businesses. This is not a big "home" network but patterns tend to repeat themselves so...
what do u guys think?
Cisco ($CSCO): Earnings Expectations Low, Which Way Does it Go?✨ We provide charts every day ✨
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Cisco systems has earnings coming up. Analysts expectations are low, and the last earnings report right before the COVID dump was bullish, so perhaps a beat here could give us a push to the upside.
That said, the overall trend is down, so from a TA perspective on a longer timeframe expectations are low.
The question here is, "can earnings help keep CSCO afloat, or is it back down along the trend this behemoth?" Let's do an analysis.
Resource: www.earningswhispers.com
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1. Fractal Trend is signaling a downtrend (Maroon bar color) on higher time frames. Sure, CSCO has had a solid recovery from the bottom, and earnings could send this higher and have us eying longs, but the overall trend is still bearish so we are looking for a short.
2. With the strategy, we allow short setups in a downtrend with our entry being the retest of a previous S/R that has flipped and been validated by Directional Bias OR an orderblock plotted by Orderblock Mapping.
3. If we move to the upside, we will be looking for a retest of R1 and a pullback to open a short position with targets of S1 and S2.
4. To the downside we will be looking at the S1 & S2 orderblocks for reactions.
5. The general hope here is to see momentum from earnings set us up for a great short entry at the R1 S/R flip.
"Cisco: down move coming soon" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Weekly Ascending Trendline and made a pullback to it.
- It is currently on an important Support Zone.
- If price has the strength to break it, there is potential to start a huge down move.
Weekly Vision:
Daily Vision:
Updates coming soon!
Cisco sell-off towards immediate supportCisco has broken out of the rising wedge after a strong sell-off from 61.8%. Strong bearish divergence indicate a continued sell-off.
15 Min Chart CSCOPlease manage your trade. If the price reach the first target (42.00 area) secure your trade.
Buying CSCO calls in May.If price returns to March's high, then I'll be looking to begin purchasing call options as close to 41.50 strike as possible. These calls will have an expiration of June 1.
CSCOPosted this one back on Feb 1. Another head & shoulders bear flagging up to previous support/neckline & weekly 200 sma. Bearish below $40
Cisco Systems wants to play alongHello People,
Cisco Systems arrived the 61% Fibo with a wxyxz wave structure. RSI shows a divergence.
May the force be with you
$CSCO rising wedge short opportunity $CSCO bulkowski rising wedge being back tested at critical .786 fib level resistance. macd showing 3x bearish divergence with coinciding tail end rsi bear div
CSCO WEEKLY BULLISH WEDGEBuyers have come inn backed by volume which has breaking the upper trend line making a wedge pattern, using Fibonacci levels and price action the next level of supply is highlighted where both have confluence
CSCO with trailing stopBig pictrue of fundamental analysis and technical analysis. market is on a way down, fear is extraordinary
Write sometning about your psyhology thinking before trade? stable, to much food
Describe the trade. What you see? there were complex head and shoulders and now looks like a first pullback
Write why you want to enter the trade in this point? pullback
What have I done well for this trade? trailin stop was good at that case
What can I take away to help with later trades? nothing
