Bullish potential detected for CSCO

May 24

Entry conditions:
(i) higher share price for CSCO along with swing up of indicators such as DMI/RSI, and
(ii) observation of market reaction around the pre-market 4 hourly support/resistance line established during trade on 14th May at $121.41.

Depending on risk tolerance, the stop loss for the trade would be:
(i) below the recent swing low from 21st May at $113.57, or
(ii) below the rising 15 day EMA (currently $108.16).

May 30

Trade active

UPDATE (week ending 29-May): Trade activated on Friday 29th May with decent volume on the trading day.

Jun 6

Trade closed: stop reached

UPDATE (week ending 05-Jun): Terrific share price action early in the week saw CSCO stock rise suddenly on Tuesday to a level that was overextended and provided the opportunity to take a small piece off the table and raise stops to a point beneath the gap-up on the day. That profitable stop was then subsequently taken out during Friday's trade. Congratulations on a terrific trade with application of appropriate risk management strategies.