LONG - CSCO
SL: 46.60 (Suggested by our algorithmic systems)
SL: 45.24 (Safer option, personal suggestion)
TP: 49.60
Reasons behind this idea:
1. Resistance trendline is subjectly broken.
2. Clear bullish divergence on MACD indicator.
3. Bullish divergence on Stochastic indicator.
Caution: Earnings Report is due in a few days.
---------- Chart Drawings ----------
Red Dotted Line: Broken Resistance Trendline
Purple Line: Suggested Stoploss by our algorithmic systems (under testing)
Pink Line: Personal Stoploss Recommendation
Green Line: Suggested Take Profit
Green Arrow: Bullish Divergence
Please trade responsibly and good luck!
SL: 46.60 (Suggested by our algorithmic systems)
SL: 45.24 (Safer option, personal suggestion)
TP: 49.60
Reasons behind this idea:
1. Resistance trendline is subjectly broken.
2. Clear bullish divergence on MACD indicator.
3. Bullish divergence on Stochastic indicator.
Caution: Earnings Report is due in a few days.
---------- Chart Drawings ----------
Red Dotted Line: Broken Resistance Trendline
Purple Line: Suggested Stoploss by our algorithmic systems (under testing)
Pink Line: Personal Stoploss Recommendation
Green Line: Suggested Take Profit
Green Arrow: Bullish Divergence
Please trade responsibly and good luck!
Comment:
Here is a screenshot of the idea from our mobile app currently under internal testing ibb.co/g4kQHnL
Comment:
Our mobile app adjusted the SL however the gap was too tight and it was stopped out too soon, resulting in a 50% profit (1:0.5). I suggest adjusting your stop loss if you haven't already to protect yourself from a loss.
Screenshot of our app ibb.co/fSmwTvR
Screenshot of our app ibb.co/fSmwTvR
Trade closed manually:
See screenshot above.