Cisco Systems (CSCO) – Target Price Analysis 19%Key Observations:
Elliott Wave Count:
Wave 4 correction has been completed, and the price has initiated Wave 5.
Price is moving within the projected Fibonacci levels to a potential target zone.
Key Targets:
Primary Target: $67.81 (1.618 Fibonacci extension).
Intermediate Targets: $63.79 (1.00 Fibonacci extension) and $61.30 (0.618 Fibonacci extension).
Support Zones:
Immediate support: $57.27–$55.50 (Wave 4 retracement levels).
Major support: $52.58.
Trendline Structure:
The price is trending above the yellow channel, signaling bullish momentum.
Breakout above resistance confirms upward movement.
Scenario:
Bullish Scenario:
Price Target: $67.81.
Strong bullish momentum supported by Elliott Wave progression and Fibonacci levels.
Bearish Scenario:
A drop below $52.58 may invalidate the bullish setup, leading to a potential move to the lower support at $42.19.
Conclusion:
Target Price: $67.81 (19% upside from $57.00).
Confidence Level: High, provided support levels hold.
📢 Disclaimer:
This analysis is for educational purposes and does not constitute financial advice. Conduct your research and consult a financial advisor before trading. 🚨
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Cisco Systems (CSCO) – Target Price Analysis
Key Observations:
Elliott Wave Count:
Wave 4 correction has been completed, and the price is initiating Wave 5.
Price is moving within the projected Fibonacci levels to a potential target zone.
Key Targets:
Primary Target: $67.81 (1.618 Fibonacci extension) with a 70% probability of success.
Intermediate Targets: $63.79 (1.00 Fibonacci extension) with a 60% probability, and $61.30 (0.618 Fibonacci extension) with a 50% probability.
Support Zones:
Immediate support: $57.27–$55.50 (Wave 4 retracement levels).
Major support: $52.58, which could act as a critical invalidation level.
Trendline Structure:
The price is trending above the channel, signaling bullish momentum.
Breakout above resistance confirms upward movement toward target levels.
Scenario:
Bullish Scenario:
Price Target: $67.81.
The probability of reaching this target is supported by the current upward momentum and Fibonacci structure.
Bearish Scenario:
A drop below $52.58 could invalidate the bullish setup, leading to a potential decline toward $42.19.
Conclusion:
Target Price: $67.81 (approximately 19% upside from $57.00).
Confidence Level: High for the primary target, contingent on holding key support levels.
📢 Disclaimer:
This analysis is for educational purposes and does not constitute financial advice. Conduct your research and consult a financial advisor before trading. 🚨
