Cisco Systems (CSCO), D1: Resistance zone + Pin bar + Side of Bollinger bands (20,2)
21-Jun Stock investing strategies Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit Supply-Demand(S&D) strength Trend Analysis: About to begin a downward trend as a rebounding trend gradually gives way to increasing limited rises and strong falls. Today's S&D strength...
Next Target for CSCO . Depending on where this goes, entry point may be later.
CSCO went down as expected, new target is around ~$53.40.
It is going to be a bad end of the week for technology
Have a great weekend all!
Bear Case: *Bearish RSI Divergence *Broken Wedge up *Tech/QQQ showing major exhaustion *ER Bull Case: *Tech still holding *China *ER ***Too Many bearish warnings on the technical side. Holding JUNE 21 PUTs with min target at 50$... Let's talk about it***
NASDAQ:CSCO Cisco Systems, Inc. Information: We go up the channel for too long. Now there will be a breakdown and a reversal of share price. About stop loss: Stop loss is placed just above the weekly candle in case of a false touch. Weekly chart: Daily Chart: H4 Chart: ------ Sell = $56.33 Take Profit = $48.63 Stop Loss =...
CSCO is one of the very few Dow 30 components at a NEW all-time high. CSCO is riding on new technology in 5G and other areas. The gains are slowed down by some selling but the steep angle of ascent has continued. The stock is poised to shift sideways ahead of its earnings report date.
1. RSI oversold territory; 2. RSI small divergence short bias. A. Watch for first level at $48 target; B. Watch major Fib level at $45 target, which is also a major previous resistance level that could become support.
TRADE IDEA Entry = 51 (if it hits before breaking out) Target 1 = 52.09 Target 2 = 52.88 Stop = Daily close below 51 Trade is invalid if it drops to support based on bad news.
ERIC looks like it's ready to run! On the daily chart, if the stock price can break above $8.90, it should hit $10 to $12 Every indicator on the daily chart is BULLISH As for the Weekly Chart goes... Every indicator on the Weekly is BULLISH POSITION: 500,000 SHARES COST: $8.50
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
CSCO reversed off its resistance at 43.47 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop further down to its support at 40.73 (horizontal swing low support). Ichimoku cloud shows signs of bearish pressure that contributes to our bearish bias.