https://www.tradingview.com/x/Q1G1ncOD/
I see it as going parabolic, just the first phase. Retrace and later get back on track.
Disapointing earnings are transitory, overall i think it got at least anothe leg to go.
I see it as going parabolic, just the first phase. Retrace and later get back on track.
Disapointing earnings are transitory, overall i think it got at least anothe leg to go.
Note
It appears Cisco (CSCO) is entering a parabolic phase, resembling the start of a "hockey stick" growth curve. While recent earnings were labeled "disappointing" by the market, this weakness is likely temporary, as the company's long-term fundamentals remain strong.Trade active
Cisco has experienced a series of positive sessions. The key question now is whether the stock will retest, or potentially break below, its recent lows. While multiple scenarios remain possible, attention is currently focused on the lower boundary of the recent gap down, which is being closely monitored as a critical technical level.Trade closed: target reached
Oh yes :)
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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.