CSCO trade ideas
CSCO Stalls at Resistance with Rising RotationCSCO had heavier Dark Pool Quiet Rotation™ in recent weeks. A High Frequency Traders Gap Down on Spiking Volume occurred earlier. The stock is holding near the gap down area.
$CSCO LONG TARGETING 55 BEST ENTRY BETWEEN 47-49 BULLISHVolume increased last trading session with good indicators signals as RSI and MFI approach falling trend line if its break it up then can be confirmation for long term up targeting 52 then 55
CISCO 38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
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NASDAQ:CSCO
LONG CSCO Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Descending TriangleWhilst could go either way, given strength waning and MACD below zero, it may be likely a downfall soon.
CSCO buy setupCSCO price on weekly strong trend line. possibly buy. wait for 123 pattern for confirmation. I also watching this confirmation .
CSCO Not an opportunity We can see a rejection at 200-day MA (yellow line) but there's a clear direction for Cisco. $47.89 could be a nice target. However, this is not a call.
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We're in a Bull Market, Might as Well Be a BullPicked up a few call options after the hard gap down to meet the trend line that is drawn...
CSCO - CISCO SYSTEMS- Longterm buy or short-sellCSCO dropped the ball on its latest earnings period ending July 2019 from 0.71 estimates to 0.51 resulted in its share prices depreciating further to 46.00 on 15th August 2019.
CSCO has been consistent with its earnings since April 2018 and the recent drop of its share prices to the current price level could attract long term investors to get in at the current technical level. However, share prices need to break and remain above 48.20 to head back up.
CSCO share prices could continue further down to around 45.37, 44.00, and 43.25 if it fails to break above 48.20
$CSCO SHORT TARGETING 48 Bearish Pattern Resistance at 53.8Lower volume during the recent bounce , negative divergence On RSI , MFI broken down uptrend , gap at 48
POTUS needs CISCO to succeed in 5G. Reversal Trade?CISCO may have quite a burden on its shoulder as the USA/Huawei conflict continues to roll on, POTUS needs American tech companies to catch up with the Chinese tech giant in the battle to become the 5G world superpower. This is a task of immense proportions and can not be won overnight and without huge investment in R&D.
In the shorter term CISCO's chart looks very vulnerable to a breakdown from a technical perspective, but has the 200ma and $49 support level as strong support. Despite this, CSCO have been consistent on earnings so we don't see and major negative surprise, overall there may be a great opportunity for a reversal trade.
AVERAGE ANALYSTS PRICE TARGET $58.86
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 17.77
SHORT INTEREST 1%
COMPANY PROFILE
Cisco Systems, Inc. engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security. The company was founded by Sandra Lerner and Leonard Bosack on December 10, 1984 and is headquartered in San Jose, CA.
[Neutral to Bearish] CSCOFalling under from the long support above the 2 MA, It does not look good. If cross down, look for short.
CISCO SYSTEMS INC SHORTThe trend may continue into earnings but I would be concerned the closer it gets to Wednessday.
