CSCONotes on chart. Hard to play right here until either above the Bat tgt or back to the .886. Notes on chart
CSCO trade ideas
Short Term Correction to the Upside in CISCOA short term move to the upside is possible in cisco. Since this is a B wave correction, I expect the upmove to be choppy. Trading this is only for seasoned traders. For a better opportunity, please check out my chart of BOEING airlines. It offers a much better upmove chance.
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 $33.00 is prudent.
Like it, Share it, Follow it~
Trading View: BreakOutArtist
StockTwits: stocktwits.com/BreakOutArtist
Twitter: twitter.com/BrkOutArtist
Potential Mutli-Year Trend Reversal Spotted for CISCO ($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
csco move suits covered callHigh volume move up with short terms EMAs crossing. Higher market volatility suits covered call or OTM out credit spread.
CSCO - Retesting after a Break HigherWatch when if it triggers for large volume. The EMA's are headed bullish and bounced off the 50 EMA. The SMA's are headed steadily higher. Stochastics gave a buy signal recently, RSI is slightly overbought and MACD recently is giving a buy signal. BB need to be broken. ADX is around 35 and would agree with the trade if it headed higher if it confirms.
Trigger is $28.48
Stop is $26.28
Target is $33.81
Not to close the position before receiving the signal from MACD.Similar patterns can indicate a similar result.
It is not the best time to open a short position.But it's also not the best time to close it. The indicator RSI is in a state of extreme oversold. So I would not expect a protracted decline. Those who already holds a short position, I would advise to focus on the area of strong resistance and lower bounds of current trends.
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).
CSCO Price has retraced 50% of the downward impulse & is taking a break. Expect a Median Line tag at minimum.
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.
-------------------------------------------------------------------------------------------------------------------------------------------------------------
your lovely figerThis figure remined me your lovely one, on day the price far from 8 EMA so need a rest a little bit, so this figure on 15 min can go down, good price is 25,47 where is 50 EMA
The Tech Stock Trade: Cisco (NASDAQ:CSCO)Yesterday, Cisco (NASDAQ:CSCO) reported earnings. Cisco is one of those old tech stocks, like Yahoo (NASDAQ:YAHOO), Microsoft Corporation (NASDAQ:MSFT) and IBM (NYSE:IBM). One thing they all have in common is the possibility of going lower in the coming days. Also important to note is that the major indices, specifically the S&P500 (NYSEARCAPY), saw some selling after making a new high.
Now, CSCO (NASDAQ:CSCO) has gapped higher and the daily chart is showing a topping-tail on volume. This action on the daily chart is telling us that institutions are selling the stock.
As a technical trader I will play this on the short side after a retrace into the tail to minimize my risk .
Join us in the Elite Round Table to get our live trade alerts, when we enter and exit stocks for profit,step inside here.
www.inthemoneystocks.com
Kristof De Block
Elite Round Table, Pro Trader
CSCO inverse Head and Shoulders US markets (Dia, Spy) are trying to push to new highs. Money rotates to safe heaven, high dividend, large cap stocks (www.cnbc.com).
Cisco is component of both indexes DowJones and S&P. It built nice inverse Head and Shoulders pattern with neckline @ $23.60ish area. And we have series of three higher lows: first is bottom @ $20.22 then right shoulder with support @ 22.30ish and yeasterday it closed strong well off the lows, bounced from $22.50ish support of that nice upper-level base, regained 8 and 21 moving averages.
It would be healthy to see some construction above short term moving averages and continuation move to test neckline @ $23.60 with potential break up.
ENTER long here @ low $23.00ish with STOP below $22.43, first TARGET @23.60.
Macro target is $26.50-27.00, but till then i wll navigate that potential trend up with active approach.
$JNPR or $CSCO? Which will perform better in the next 7 days?Pair Options Forecast: JNPR will outperform CSCO in the next 7 day
ANALYSIS: Cointegration, Correlation and Technical
Strategy: Elliot Wave Principle www.bitcoinprice.mobi
Trading pairs JNPR vs CSCO which has moved from its correlation can be done based on cointegration or technical analyzing the prices of the stock pairs and tries to profit from the mean-reversion proces.
Cointegration (right chart): look for the divergence pairs that have moved away from each other and then back together in a regular pattern:
1. Identify a gap.
2. Make a trade assuming the stocks will return to their correlated path
The strategy is therefore to identify when the “gap” is created and to trade in the assumption that there is a high probability the gap will close or narrow.
This pairs have a high positive correlation between them, meaning that both stocks historically tend to move together. Generally because they are from the same industry sector and traded in the same market, so the same factors impact them.
Technical Analysis of the spread (left chart):
Cisco move together very closely and has a maximal correlation with Juniper. This means it's profitable when the relative value between the two assets is perturbed from equilibrium, you can take a contrarian position and profit from the spread trading as the prices revert back to their long-run mean.
The trade should be opposite to the “gap”. CSCO has performed better than JNPR, in order to close the “gap” JNPR will now perform better.
Ciprian,
google.com
Cisco - Histogram divergencesCisco has a very nice pattern in price action with lower lows, followed by lowers highs. The start of 2014 broke this pattern, turning the pattern to higher high - higher low. Last month there was some indecision, price going sideways, drawing a double top, then rejected it at the neckline. Currently, Cisco restested the double top neckline, and rejected it again. This is a nice pattern, especially if it happens at a fib level, and if it comes with a divergence and a candlestick pattern, in this case bullish engulfing.
Let's take a closer look at the MACD histogram. I took the lines out so the patterns are more visible. I also changed the values, making it more sensitive so the divergences will be even more clear. I circled two identical patterns, first in september - october and the second january - march :
1) Bears come in very strongly
2) Bulls come in strongly
3) Bears come to power again, still strong, but weaker than the first time. We have a bullish divergence, but the bear power is still strong and the price doesn't go up so much.
4) Then bulls come in play again and them too are weaker this time, but this isn't important in the pattern.
5) Finally, for the third time bears come in play, with a very weak performance. The power between the bear power is obvious, hence the bullish divergence.
My stop is under the 61.8% fib retracement, around 21.20$ and my first target is at the previous high, near the round level of 23$. Risk/reward ratio is 3.
As I said on the chart, the weekly picture doesn't look good, so I preffer being cautious by taking a smaller position than usual.
CSCOSeems MFI reached its top, going to llook at Accum/Dist for confirmation, RSI already started going down with Stoch. I think this thing can pull back a bit. What do you all think?
