Cisco Systems, Inc. Sell NowThe share in PZR of the bat pattern which is match with the trend line so I suggest to sell it now.
CIS trade ideas
CISCO - The Backbone of the InternetCisco Systems Inc. (Cisco) has long been THE player in the USA for global network equipment hardware sales like routers, switches and gateways. In recent years it has also, like many hardware companies, moved into software applications and security.
The technology giant, often referred to as the backbone of the internet, reports its quarterly earnings later today after the close of the New York trading session. The shares have been in high demand following the December low at $40.35 closing yesterday at $47.89, just below the key 52-week high of $49.47 . The rally from December 26 represents a gain of some 18.68%, which outperforms the USA500's gain of 16% over the same period.
Last quarter CISCO revenues jumped 8% to reach $13.1 billion, ahead of all estimates. More specifically, the application business surged 18% and security climbed 11%. It also saw its adjusted earnings per share jump 23% to also beat estimates.
Today Cisco are calling for its second quarter 2019 revenues to climb between 5% and 7% and its earnings per share (EPS) to come in at the $0.71 to $0.73 a share range. Market expectations have cooled recently, with a change in outlook from Morgan Stanley issued just yesterday that changed their recommendation from “overweight” to “equal-weight” and lowered their price target to $49.00 from $51.00 a share. Nomura too also downgraded the company to a "Neutral from a "Buy" in December. However, Pipar Jaffray reiterated their "Overweight" rating in October with a price target in the $50.00-$53.00 range and remain the most bullish of all analysts covering Cisco.
Technically, the Fibonacci extension suggests the stock could rise to the $53.00 level should the 2018 $49.00 level be breached and broken. Key support sits at S1 and the 61.8 Fibonacci level at $46.75 , the 20 day-moving average and S2 at $46.00 and finally the 200-day moving average at $44.40 .
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Cisco is overpriced analysts say, chart agrees.A lot of analysts are switching from buy to hold and sell on cisco, and the chart tends to agree. The stock is overextended without any retracement since its strong move up. If we confirm top here we are starting a nasty downtrend channel.
RSI: Close to sell
Stoch: Sell
21 sma - 77 sma - 231 sma: Price is moving higher than all SMA's with the 231 day sma flattened out (meaning we are out of upward energy). The 21SMA crossed under all the other SMA's which si bearish and the 77 SMA is pointing towards negative price movement too. Furthermore... we're in an ascending wedge that is going to break.
Pullback with CSCOWrite sometning about your psyhology thinking before trade? It was vaccation day and i am qute in good psyhological shape
Describe the trade. What you see? It is abut the pullback which I didn't play for a long time. I see the price will go down to next support level which is around 34, but it will take more time then ussualy. Must wait for month or two.
What have I done well for this trade? enter on a pull back was according to the rule
What can I take away to help with later trades? that you didn+t made any baktesting for such a trade
CSCO SELL (CISCO SYSTEMS, INC)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Cisco Systems, long term short playWe can see a basic bearish wedge/flag here, with volume dropping during this rally. Also against a big resistance zone now. So i am going to short it here and will increase if the wedge breaks and prob increase if the low breaks as well. This position is something i will prob keep for several months.
CSCO Reversed Off Resistance, Potential Reversal!CSCO reversed off its resistance at 43.47 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop further down to its support at 40.73 (horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure that contributes to our bearish bias.
Elliott Wave PrincipleCSCO:We can clearly see 5 waves up so now we have to see definitely a correction ABC! We know for sure that we are in a bear market from now on the question is how long that will last we may even retrace all 5 waves at some point of the trend depends how the market moves.I'm Trying to create an youtube channel! I`m working only with Elliott Wave so if you want you see my prediction back in October that came true in December can follow me there --> www.youtube.com
Elliott WaveCSCO:We can clearly see 5 waves up so now we have to see definitely a correction ABC! We know for sure that we are in a bear market from now on the question is how long that will last we may even retrace all 5 waves at some point of the trend depends how the market moves.I'm Trying to create an youtube channel! I`m working only with Elliott Wave so if you want you see my prediction back in October that came true in December can follow me there --> www.youtube.com .
CSCO - CISCO MAKING A FLAT CORRECTION FOR ONE MORE UP?CISCO seems completing a potential flat correction. If it bounces on the level posted on chart i'm expecting one more wave up.
CISCO 3 MONTH SYMMETRICAL TRIANGLECISCO 3 MONTH CONTINUATION TRIANGLE
TAKE PROFIT: 52
STOP LOSS: 47.2
Cisco short trade, second chancePrevious analysis i showed a bear flag that worked out quite nicely, but it did not reach it's target though. At the moment it looks like a wedge in the making now. However, i do not really like the shape of it, but because it is at that red resistance zone, i am taking a shot at it. The RR is amazing on this one and on top of that, i will start out with a 50% pos size and increase on the way down.
Previous analysis:
CSCO SpeculationLots of unfilled orders sitting above. Below, we see a big area of a lot of trading meaning there are very few unfilled orders below. The bigger picture also suggest we should be short. We have two ways to enter the trade. One at the lower supply zone and the other at the higher supply zone. Depending on your rules, you can take one or the other or just take both.
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CSCO - $50+ ATH Post-Q3 EarningsCurrently overbought on shorter time frames as well as completion of a bearish Cypher. Small pullback to $46 and change then onto $50+ ATH after successful Q3 earnings.
Cisco Systems Bear FlagLooks like a solid bear flag from which we will probably see a breakout this week. If the 45ish breaks (green support zone) the chances become much bigger that the target around 42 gets reached. Price needs to stay below the red zone for the bear flag to remain valid.
[CSCO] phase 4The price this week went to under 30MM. It's starting phase 4 although the support is $40.07. Sell.
interesting pattern on CSCOobviously i don't know what this thing is going to do... but it looks like a strong continuation pattern. perhaps we will go bearish into the 200 sma for a bit before gapping up on earnings in november?
