CSCO trade ideas
Cisco Systems (CSCO) bullish scenario:The technical figure Falling Wedge can be found in the daily chart in the US company Cisco Systems, Inc. (CSCO). Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. Cisco specializes in specific tech markets, such as the Internet of Things (IoT), domain security, videoconferencing, and energy management with leading products including Webex, OpenDNS, Jabber, Duo Security, and Jasper. Cisco is one of the largest technology companies in the world ranking 74 on the Fortune 100 with over $51 billion in revenue and nearly 80,000 employees. The Falling Wedge broke through the resistance line on 29/10/2022. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 69 days towards 50.28 USD. Your stop-loss order, according to experts, should be placed at 38.61 USD if you decide to enter this position.
For the July quarter, adjusted earnings came in at 83 cents per share, down 1% from a year earlier. Revenue was flat at $13.1 billion, including acquisitions.
Analysts estimated that Cisco would earn 82 cents per share on revenue of $12.73 billion.
For the October quarter, Cisco forecast profit in a range of 82 cents to 84 cents vs. estimates of 84 cents. Cisco projected revenue growth of 2% to 4%, compared with projections for flat sales growth.
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CSCO - Weekly chart in exhaustion range1. Fortune_TD, Fortune Banker trend, Fortune Crown stage:
Analysis on weekly chart
03 Oct 2022, Fortune TD 13 show the trend exhaustion range, the green bar shows this is a potential share pull back.
03 Oct 2022, Fortune Crown security line is at bottom, still going down, there is no red dot yet.
03 Oct 2022, Fortune Banker trend, green line shows the banker chips flow in, but the short money still not yet gold cross its 5 days average.
2. Potential opportunity:
waiting for the share price break out the green bar high 42.25.
3. Summary:
Based on above analysis, the share price is downtrend in daily and weekly chart, so using weekly chart to identify the bottom area instead of using weekly chart.
Disclaimer : no recommendation of buy/sell, purely for TA learning and sharing.
CSCO weekly bullish hammer at monthly support end of wave 5 downOrder BUY CSCO NASDAQ.NMS Stop 41.28 LMT 41.28 will be automatically canceled at 20230401 01:00:00 EST
CSCO weekly bullish hammer at monthly support end of wave 5 downtrend expect ABC correction upward. Area of confluence. Quick 1.2R countertrend.
CSCO daily bearish hammer can run into weekly downtrend support Order SELL CSCO NASDAQ.NMS Stop 41.28 LMT 41.28 will be automatically canceled at 20230401 01:00:00 EST
CSCO daily bearish hammer can run into weekly downtrend support line if break below. Probably chop of the wave 4 downtrend, be quick. Looks like nothing in our way for quick 1.2R.
Cisco Systems in a Triangle. CSCOAnd going down I might add. Here is looking like we are doing Wave D of ABCDE. Early stages as parabolism, volatility is still bullish locally and confirmation has not yet been reached either. We shall see what happens next.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Cisco going down... again. CSCOStart of a new zigzag here. Probably a bit late to the party, but still plenty of room to drop before pulling out.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
CSCO: Overbought?Cisco Systems
Short Term - We look to Sell at 49.85 (stop at 51.86)
This stock guided a rise in revenue for 2023 and shares jumped higher. We are trading at overbought extremes. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. A lower correction is expected.
Our profit targets will be 45.11 and 42.00
Resistance: 50.00 / 56.00 / 64.00
Support: 45.00 / 42.00 / 36.00
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Cisco Systems Inc. - potential setupsNASDAQ:CSCO
The shares of Cisco Systems Inc., the largest manufacturer and network equipment supplier for large holdings and telecommunications companies, are correcting around 46.00.
On the daily chart, trading is observed in the global downward channel with dynamic boundaries 36.00–46.00, and the price is currently testing its resistance line.
The four-hour chart shows that the quotes have overcome the initial Fibonacci 23.6% retracement at 46.00, coinciding with the end of the price gap from May 19, which has not yet been closed. Given the current trend, the price may reach the beginning of this gap at around 47.80 already this week.
Technical indicators keep a stable buy signal: indicator Alligator’s EMA oscillation range expands upwards, and the histogram of the AO oscillator forms upward bars in the buying zone.
Trading tips
🟢 Long positions may be opened after the price rises and consolidates above 47.80 with the target at 52.40. Stop loss — 46.00. Implementation period: 7 days or more.
🔴 Short positions may be opened after a reversal, reduction, and consolidation of the price below 46.30 with the target at 43.00. Stop loss — 48.00.
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⚠️ Important Notes:
1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️
2. Timeframes: up to 1D
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Cisco Systems bullish scenario:The technical figure Channel Down can be found in the daily chart in the US company Cisco Systems, Inc. (CSCO). Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational technology conglomerate corporation. Integral to the growth of Silicon Valley, Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. Cisco specializes in specific tech markets, such as the Internet of Things (IoT), domain security, videoconferencing, and energy management with leading products including Webex, OpenDNS, Jabber, Duo Security, and Jasper. The Channel Down has broken through the resistance line on 17/08/2022, if the price holds above this level, you can have a possible bullish price movement with a forecast for the next 49 days towards 50.14 USD. Your stop-loss order, according to experts, should be placed at 41.03 USD if you decide to enter this position.
Cisco stock pops on fourth-quarter earnings beat. Cisco has been on the top and the bottom line for its fourth quarter results, with the networking equipment maker beating on adjusted earnings per share. Those came in at $0.83. The Street was expecting $0.82. Revenue for the fourth quarter came in at $13.1 billion. The Street was expecting $12.73 billion. But the Street really likes its first quarter revenue guidance because the company guiding anywhere between 2% and 4% growth year over year for the first quarter. The Street was expecting a decline of 0.24%.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.