VantageMarkets

Cisco: Another Bargain Hunt?!!

Long
NASDAQ:CSCO   Cisco Systems, Inc
Cisco Systems

Short Term - We look to Buy at 40 .15 (stop at 37.59)

This stock has recently been in the news headlines. They reported earnings and missed quarterly revenue estimates. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Trading close to the psychological 40 .00 level. Further upside is expected although we prefer to set longs at our bespoke support levels at 40 .00, resulting in improved risk/reward.

Our profit targets will be 49.99 and 52.00

Resistance: 44.00 / 46.00 / 48.00
Support: 40 .00 / 38.00 / 36.00

Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.

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.