andrew.berg
Long

CSCO inverse Head and Shoulders

NASDAQ:CSCO   CISCO SYSTEMS INC
US markets ( Dia             , Spy             ) are trying to push to new highs. Money rotates to safe heaven, high dividend, large cap stocks (www.cnbc.com/id101643356).

Cisco is component of both indexes DowJones and S&P             . It built nice inverse Head and Shoulders pattern with neckline @ $23.60ish area. And we have series of three higher lows: first is bottom @ $20.22 then right shoulder with support @ 22.30ish and yeasterday it closed strong well off the lows, bounced from $22.50ish support of that nice upper-level base, regained 8 and 21 moving averages.

It would be healthy to see some construction above short term moving averages and continuation move to test neckline @ $23.60 with potential break up.

ENTER long here @ low $23.00ish with STOP below $22.43, first TARGET @23.60.

Macro target is $26.50-27.00, but till then i wll             navigate that potential trend up with active approach.
Поиск торговых идей,
оценка настроений рынка, сценарии и торговые планы. https://t.me/berg_stocks
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out