BoSukas

CSCO- Good Buy Currently

Long
NASDAQ:CSCO   Cisco Systems, Inc.
FA:

Higher earnings than expected but still a 12% yearly fall.

Service Sector of Business Has grown much larger than the Hardware side

If COVID is to ease in the next 6-9 months, the forecast is positive for CSCO


TA:

Approaching Support Level after strong retracement

Downside is far less than upside if an entry was made in this area.

Fibonacci Retracements follow the S&R Lines.

-Megalodon

Please SHARE/LIKE & Comment and PS:Please follow responsible trade management, this is not financial advice

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.