chrism665

CSCO - Cup and Handle forming

Long
chrism665 Updated   
NASDAQ:CSCO   Cisco Systems, Inc.
I see:
  • A bottom punched in Dec 5th, 2019
  • A lower high Jan 31st, 2020, confirmed today
  • Established parallel channel running diagonally up
  • A trajectory that would put it near highs just before next Earnings, allowing it to cool off and let ER dictate which direction is next.
Trade active:
Bought shares at $46.60 this morning.
Trade closed manually:
Pattern failed, aided by greater issue with equities.
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