$CSCO with a Bullish outlook following its earnings #StocksThe PEAD projected a Bullish outlook for $CSCO after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
CSCO trade ideas
Symmetrical Triangle Funky candle today and is at resistance of the symmetrical triangle.
This is a neutral pattern until a trendline is broken with a confirmed trend in that direction.
No recommendation.
The Alligator indicator appears to be consolidating.
CSCO technicals show more downside aheadA symmetrical triangle pattern appears on the daily and intraday charts. Generally, price activity within this pattern should contract as price forms lower highs and higher lows. Symmetrical triangle patterns do not suggest a breakout direction, so other technical evidence must be considered.
In this case, CSCO is snug against the lower trendline of the pattern. While this is an uptrendline, the upper trendline converging downward reveals that the pattern is contracting / consolidative.
Momentum indicators shown include RSI and the Chande momentum oscillator. Both are bearish. RSI has struggled to make any progress above the 50 level. And Chande as of March 10 is below the zero level and sloped downward.
CSCO is trading below its 200 SMA, 21 EMA, 34 EMA, and 50 SMA on the daily chart. And those moving averages are sloped and stacked in a bearish direction.
A reasonable target might be around 49-50 over the coming weeks (perhaps as soon as days if the general indices experience another flush). To derive this target, project downward the maximum depth of the pattern from the anticipated breakout point. This leads to a downside target of 49-51 depending on the day the breakout occurs.
Caveat: if the markets and SOX index start to recover decisively, consider an upside breakout a possibility, with a similar projected target near 60. But given the technicals, the probability of an upside breakout seems low.
Recap: 3/8 CSCOStrat play 3/11 54p
Setup: 2-1-2 bearish
Gain: 0.35 -> 0.74
It hit 3rd target after some bouncing around on the 2nd target.
$CSCOCyber Security at its finest. With all the news of Russian cyber attacks look for smart money to be pushed in this direction.
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines add will be discussed with the ticker
NASDAQ:CSCO
Cautiously optimistic (near term)Everything is looking pretty bad out there. notably, almost no stock can their post-earnings bump (if they even had one - see GOOG and UPST). CSCO did though.
This would be an 'iffy' early entry. It looks like it is bouncing off of the 200 EMA, stochastic is going higher and there is a MACD cross-over.
However, the anchored VWAP (from all-time high) provides some resistance at $57.56. The general market is weak... prob best to play this with some tight stop losses and 1:1.5 risk-reward ratio.
Out at $55 (allowing for some jitter below the 200 day EMA); take profits at $59 and fully exit if it hits $60.95
Cisco Cup & HandleWeekly chart.
It appears to be not very nice cup and handle. The price is above the neck line.
Time will tells
CSCO Chart with supports and resistance on day of earningsCisco has earnings today after market. This is a simple support/resistance analysis with basic trend.
Cisco down. CSCOImmediate targets 54.33, 52.64. Invalidation at 65.
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. 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 - down. CSCO Short term outlook.
Bearish outlook for gains at 56, then 54. Invalidation at 65.
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. 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 LONGAfter retesting support NASDAQ:CSCO is breaking out to the upside. I am looking for entry at the $60 Level, for $62.5 Calls with high open interest.
Cisco Systems: Buying at Resistance Turned SupportCSCO - Short Term - We look to Buy at 59.26 (stop at 57.57)
Preferred trade is to buy on dips. We have a 38.2% Fibonacci pullback level of 58.97 from 51.08 to 63.84. Previous resistance, now becomes support at 59.00. 20 1day EMA is at 59.80. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 63.83 and 64.50
Resistance: 65.00 / 70.00 / 75.00
Support: 60.00 / 55.00 / 50.00
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Cisco systems (CSCO) is getting near to its ATHAccording to the chart, the weekly purpose of this stock is 70$.
12/26/21 CSCOCisco Systems, Inc. ( NASDAQ:CSCO )
Sector: Technology Services (Information Technology Services)
Market Capitalization: 262.673B
Current Price: $62.28
Breakout price: $62.90
Buy Zone (Top/Bottom Range): $61.60-$59.60
Price Target: $65.90-$66.20
Estimated Duration to Target: 39-42d
Contract of Interest: $CSCO 2/18/22 62.5c
Trade price as of publish date: $2.23/contract
CSCO$CSCO just breaked weekly resistance,, And also going to break most oldest resistance of year 2000
Cisco breakout to 65$ I posted last week About a possible short play on Cisco if it got rejected on its downtrend (White lines). Cisco broke out above the trendline on the candlestick and RSI instead and now looks to be headed towards 64.56 fibonacci level . Only other possible resistance here is that yellow trendline.
CSCO 60A bunch of observations from a green (aka new) trader.
August 19th kicked off a 10% growth, to the peak of $60.
Measuring this in the bounce-back from 18th of November its hitting $57. Which aligns with the cluster in November 16th before the big sell.
It has potential to hit $60 with the pacing I'm seeing now.
It's could also drop down to $56 / $50 instead.
Whichever it will be, all I know is that this is not financial advice.
CISCO Buy Put Quasimodo this is an idea for cisco to take the stock to go down. strike entry is like 57-56 ideally. stop out can be behind first H starting the quasimodo if you feel like this chart idea has helped you in any way leave a like and follow for similar ideas like this one 👍
Cisco Next leg down to 50$ starts this week White line - Bear flag
Yellow line - Bear channel
Watch for the rejection around 56.90
Stop loss 58$
You can enter at the rejection or wait for it to fall out of the Bear flag. once cisco breaks that bearflag support. it will really sell
