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CSCO trade ideas

Pullback in Long Term Trend Descending channel makes confluence with long term trend line (red) and price. Double bottom at confluence as pullback after break of previous swing high. Short term target at last swing high. Ultimately price could breakout of channel offering a secondary entry at the pullback after the channel breakout with long term target around $34. If price instead breaks down through the long term trend line, then almost surely will setup a strong short on a rally back up to trend line, for now continue trading with the trend.
NASDAQ:CSCOLong
by npatz_2000
DOW JONES OVERVIEW: CISCO IN MACRO RANGECisco Systems trades in macro range - on 5 and 10 year basis. Price is now currently trading between 2 key levels. The lower level is combined from 5-year (260 weeks) and 10-year (520 weeks) means and is at about 22. The higher level is combined from upper 1st standard deviations from the same means and is at 27. Price trading within 1 standard deviation is not trending, thus the range outlined above is lateral On short term basis the held the lower 1st standard deviation from 1-year mean (264 days), thus failed to enter a downtrend on 1-year basis. However it succeeded in falling below the 1st standard deviation from quarterly mean (66 days), thus it is on a downtrend risk there at the moment. Overall situation hints that the price is likely to remain in the long term range for observable future (22-27)
NASDAQ:CSCO
by Killy_Mel
CISCO 7-Year Double Bottom Break Out Confirmed, Objective $40Hi Fellow Risk Takers, Here is an update to the Trend Reversal Breakout idea on CISCO ($CSCO), posted during January (Potential Multi-Year Trend Reversal Spotted for CISCO) This idea is ideally intended for the long term, up to 1 year or even longer. (1) During 2008 crisis period, price of Cisco has plunged from around $33 to as low as $13.50 (-56%), which signals an obvious bearish trend. Price action during this period has taken the form of a bearish down channel, marked by the 2 red trendlines. (2) Between Dec 2007 to Jan 2014 (7 Years), price has consolidated sideways in a large range ($27.50 – $13.50). We also note the formation of 2 significant price bottoms formed against $13.50. This means that the market has for 2 times, sharply reject the idea that CISCO stock is worth lesser than 13.50, forming a potential double bottom formation. (3) From April 2012 up till now, we note a steady upwards trend channel forming, with price currently hovering around $27.50, which is a critical price level at defining the general overall trend. If price is resisted at $27.50, this means overall trend is still sideways. However, if price is able to trade and sustain above $27.50, it indicates the end of the sideways trend and the beginning of a bullish trend. (4) Next we look closely at the recent price action around $27.50 levels. For the last 2-3 weeks, bears have attempted to trade short due to resistance level around 27.50. However, following the earnings release, price had gapped to 28.00 and traded higher above the double bottom break out resistance line. This means traders who were short are now caught in a bear trap and they are now likely to help drive prices higher. (Projection) Due to the 7 Year double bottom pattern spotted at (2) and price action has sustained above $27.50 (4), we confirm that price has broken out, establishing a new bullish trend with intention to trade higher. (Entry Condition) Anytime from now, as long as price stays above $27.50 (Stop Loss) Below $26.00, beneath the lowest point of the mini-consolidation at (4) (Taking Profit) Traders will have to exercise much discretion and judgement when it comes to taking profit. The theoretical price measure indicates a reversal objective at $40.00. Experienced traders will know that there is a difference between theory and actual price behavior in the markets. It is expected to take significant time to get t0 $40.00 and is more suited for investors with a long term view, around 1 year or even more. Partial profit can be taken around $33.00, which is resistance levels stretching back to Oct 2007. (Risk) There is a risk that bears will try to resist the price sharply, leading to a false breakout. Given the longer time frame of this idea, there are bound to be a lot of price fluctuations new information which may prevent the price from reaching the theoretical target of $40.00. Hence locking in partial profit at arounf $33.00 is prudent. Like it, Share it, Follow it~ Trading View: BreakOutArtist StockTwits: stocktwits.com/BreakOutArtist Twitter: twitter.com/BrkOutArtist
BATS:CSCOLong
by BreakOutArtist
Potential Mutli-Year Trend Reversal Spotted for CISCO ($CSCO)Hi Fellow Risk Takers, Here is a Reversal Breakout idea on CISCO (CSCO). (1) During 2008 crisis period, price of Cisco has plunged from around $33 to as low as $13.50 (-56%), which signals an obvious bearish trend. (2) Between March 2009 to August 2011, price has consolidated sideways in a large range ($27.50 – $13.50). We also note the formation of 2 significant price bottoms formed against $13.50. (3) From April 2012 up till now, we note a steady upwards trend channel forming, with price currently hovering around $27.50, which is a critical price level at defining the general overall trend. If price is resisted at $27.50, this means overall trend is still sideways. However, if price is able to trade and sustain above $27.50, it indicates the end of the sideways trend and the beginning of a bullish trend. (4) Next we look closely at price action around $27.50 levels. (4a) This is a classic example of price being resisted sharply at $27.50. We can infer that there was a lot of profit taking and short orders being executed at that level, resulting in the sharp resistance. (4b) Fast forward to the current price action around $27.50. You will notice a different price movement has taken place. Price has being zigzagging back and forth around $27.50 freely without clear direction yet. It is essentially a mini-consolidation across the critical $27.50 levels. This indicates that there is now a mixture of long and short orders at that level, with no clear winner yet. The bears are at a greater disadvantage, because with each passing day the shorts are unable to bring the price below $27.50, the case for a reversal breakout becomes more and more compelling. (Projection) Due to the double bottom pattern spotted at (2) and the mini-consolidated price action at (4b), we project that price intend to breakout on the upside, to establish a new bullish trend. (Entry Condition) Anytime from now, as long as price stays above $27.50. (Stop Loss) Below $26.00, beneath the lowest point of the mini-consolidation at (4b) (Taking Profit) The theoretical price measure indicates a reversal objective at $40.00 However it will take significant time to get there and is more suited for investors with a long term view. Shorter term traders can look to take profit at the below 2 levels. Take Profit Level 1: $30.00 Take Profit Level 2: $33.00 Another plausible profit taking approach will be to a) close 40% position at $30 b) close another 40% position at $33 c) leave the remaining 20% position for the long term bullish trend to carry price to $40 (Risk) There is a risk that bears will try to resist the price sharply at $28.50, leading to a false breakout. Also there is a risk that new information revealed during the Earnings Release, on 11 Feb 2015, may impact the price movement in a negative way. Like it, Share it, Follow it~ Trading View: BreakOutArtist StockTwits: stocktwits.com/BreakOutArtist Twitter: twitter.com/BrkOutArtist TradeHero: BreakOutArtist Facebook: www.facebook.com
NASDAQ:CSCOLong
by BreakOutArtist
CSCO Head&ShouldersCisco is forming bearish reversal pattern with potential Right shoulder near $25.20. Previously, I was bullish on this stock (check my ideas in the links below) but sentiment is constantly changing and point to reduce risk was at $25.60 on 31 of July when upper-level base was broken. Now, price broke down trend up and trading on its 100 EMA that acted like support in the mid of August. Break and close below 100 EMA will trigger my SHORT entry with risk above $25.00. Also, I switch my bias from neutral to negative on overall market, as S&P looks broken (doesn't mean its short especially when oscillators are oversold below -75).
NASDAQ:CSCOShort
by andrew.berg
CSCO easy long trade with trend, REVIEWCisco acts good after it built nice H&S pattern with series of higher lows and upper level consolidation which was broken on earnings with powerful gap up. then it took couple of days to absorb this big move, held and continued higher. Well-defined support at $24.40 and break up of triangle gave us another nice and calm trade as 8 EMA controlled and followed price nicely. Yesterday, it accelerated as we had good reports from Intel. Some kind of pullback and digestion makes sence. Other major cap tech companies also feels strong, $MSFT broke its consolidation with powerful, ignited, bull candle. ------------------------------------------------------------------------------------------------------------------------------------------------------------- Check my thoughts about CSCO and other ideas in major cap tech stocks in the links below. -------------------------------------------------------------------------------------------------------------------------------------------------------------
NASDAQ:CSCOLong
by andrew.berg