CSCO - Bearish Outlook near termCSCO rejected resistance line multiple times and is beginning to show weakness and break bullish wedge trend with higher lows and higher highs. Rising wedges also typically have a breakout to the downside as buyers exhaust and that is my expectation with CSCO as well.
CSCO trade ideas
$CSCO Head and Shoulders forming?With earnings coming up, will the pattern complete?
I trust on this company, specially now with COVID-19, they have their own "zoom", but also they depend a lot on businesses. This is not a big "home" network but patterns tend to repeat themselves so...
what do u guys think?
Cisco ($CSCO): Earnings Expectations Low, Which Way Does it Go?✨ We provide charts every day ✨
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Cisco systems has earnings coming up. Analysts expectations are low, and the last earnings report right before the COVID dump was bullish, so perhaps a beat here could give us a push to the upside.
That said, the overall trend is down, so from a TA perspective on a longer timeframe expectations are low.
The question here is, "can earnings help keep CSCO afloat, or is it back down along the trend this behemoth?" Let's do an analysis.
Resource: www.earningswhispers.com
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1. Fractal Trend is signaling a downtrend (Maroon bar color) on higher time frames. Sure, CSCO has had a solid recovery from the bottom, and earnings could send this higher and have us eying longs, but the overall trend is still bearish so we are looking for a short.
2. With the strategy, we allow short setups in a downtrend with our entry being the retest of a previous S/R that has flipped and been validated by Directional Bias OR an orderblock plotted by Orderblock Mapping.
3. If we move to the upside, we will be looking for a retest of R1 and a pullback to open a short position with targets of S1 and S2.
4. To the downside we will be looking at the S1 & S2 orderblocks for reactions.
5. The general hope here is to see momentum from earnings set us up for a great short entry at the R1 S/R flip.
"Cisco: down move coming soon" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Weekly Ascending Trendline and made a pullback to it.
- It is currently on an important Support Zone.
- If price has the strength to break it, there is potential to start a huge down move.
Weekly Vision:
Daily Vision:
Updates coming soon!
CSCO with trailing stopBig pictrue of fundamental analysis and technical analysis. market is on a way down, fear is extraordinary
Write sometning about your psyhology thinking before trade? stable, to much food
Describe the trade. What you see? there were complex head and shoulders and now looks like a first pullback
Write why you want to enter the trade in this point? pullback
What have I done well for this trade? trailin stop was good at that case
What can I take away to help with later trades? nothing
"Cisco: the down move continues" by ThinkingAntsOkWeekly Chart Explanation:
- Price broke the Ascending Trendline.
- Price broke the first Support Zone (Resistance Zone now) and is on a correction (pullback) to it.
- Expect price to continue the down move towards the two next Support Zones.
Daily Vision:
Updates coming soon!
CSCO - Time to take a shot?CSCO had lowest closing weekly RSI since 2001 and I think this is disconnected from other big tech. It did not have nearly the run that the FAANGs have had and never made it back to its 2000 highs. In fact it is now trading at the 2007 peak before it and the market started deteriorating in late 2007. Pessimism is rampant and I expect that the weekend will bring about more doom and gloom thinking. Worst week in the market since October 1987 which in hindsight turned out to be an incredible buying opportunity. I'm not calling a bottom, but when you see high quality companies trading down 30-40%, if you're saving for retirement then shoring up your portfolio with quality is a smart thing to do. I want to be in KO's and CSCO's of the world.