CSCO trade ideas
Multiyear highOn this good ## CSCO may well rich it's pre-crisis high at 34.00 and go higher. It trades on premarket steady abv 33 now
CISCO break outcisco has closed daily above the cloud, also breaking out trendline and RSI, MACD crossing and above MA50 after MA200 support. Tagets old highs $31.60
CSCOThis is the view on daily chart. Note the huge volume spike after gap down. Smart money bought at 30s and it has been trading around that level for about a week now.
CSCO ready to goSeems like CSCO ready to pop on the daily chart approaching 200sma. On the hourly it looks like fib 61.8 held strongly and after the gap up i see higher probability of upside.
Buyout of Soul And Vibe, Inc (SOUL)There are rumors among major shareholders that Soul And Vibe (SOUL) is interested in selling. I think a deal may already be in the works.
CSCO - Long PlayPrice went up again, coming back to the A/R line and it's now ripe to fly...
Going Long with a RiskReversal in options or the Stock.
Long CSCOInitiating long at market against this week's low at 29.12.
Expecting a continuation of the rally from the low of the year for a target of 32.5
Cisco ending somethingSince its recent high, Cisco has been moving sideways in a choppy manner suggesting there's still some upside potential left but as shown on this chart using the Wave Principle, we are ending something. I just don't know what and even less how for down we might go once Cisco rolls over.
So short term we might keep going sideways but we should move upwards pretty soon which will be a good place not to go long but to take your money off the table.
