CSCO - LongTRADE 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.
CSCO
BULLISH INDICATORS! BUYERIC 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
CSCO SELL (CISCO SYSTEMS, INC)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 Resistance, Potential Reversal!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.
Best area to look for support on Spy Expect a nice bounce at 200-215 ,from previous chart pattern history it was a really tough resistance area,so expect whales to look for a bounce at that area,
if we do break 200,I expect us to enter Re Distribution zone and our target can be Accumulation zone on the Weekly chart 166 area.
CSCO - CISCO MAKING A FLAT CORRECTION FOR ONE MORE UP?CISCO seems completing a potential flat correction. If it bounces on the level posted on chart i'm expecting one more wave up.
THE WEEK AHEAD: NVDA, AMAT EARNINGS; MJ, USO, SLV, EEMAs of Friday close, NVDA and AMAT appear to have the volatility metrics I'm looking for in earnings-related volatility contraction play (>70 rank/>50 implied).
NVDA (70/67) announces on Thursday after market close. The iron condor pictured here pays 1.73 credit with break evens wide of the expected move.
AMAT (68/48) announces on Thursday after market close, with the Dec 21st 31/37 short strangle paying 1.64 (50% take profit of .82) and the 34 short straddle paying 3.89 (25% take profit of .97).
On the exchange-traded front: USO (100/35), SLV (99/22), EEM (85/26), XOP (76/38), and OIH (75/36) round out the top symbols by rank, with USO, XOP, and OIH being no surprise given the beating oil has take over the past several weeks. Although I am mostly selling premium in XOP here, I could see also taking a bullish directional shot in OIH, which has broken through long-term horizontal support; XOP and XLE have yet to close in on the bottom of their long-term ranges. Alternatively, I could see doing a similar, bullish assumption play in one of the higher volatility petro underlyings that have earnings in the rear view mirror: OXY (75/30), COP (74/33), or BP (70/36), for example.
ASHR (74/33) is worth a passing mention here, but if I'm going to play China, it's going to be via the more liquid FXI (65/28).
MJ (--/64)* is also worth an honorable mention, with the more recognizable cannabis underlyings -- CRON, CGC, and TLRY -- all announcing earnings this week. The currently unfortunate thing about MJ is that it's not getting decent volume yet, so options liquidity isn't the best for those who'd rather not be on the single name roller coaster.
As far as the majors are concerned, some volatility came out of the broad market post-mid-term elections: SPY 30-day's now at 15.3%; QQQ at 24.6%; and IWM at 22.8%, so if I'm going to add broad market short premium here, it's going to be in the Q's and/or RUT/IWM.
Lastly: UNG. Last week marked a kind of WTF, weather forecast-related spike in natty, with UNG printing a new 52-week high. I was previously looking at 27.5 as an area of interest for short with 31-ish being the next stop, but thought November was too early in the natural gas seasonality cycle to be putting on a short play (usually, a downward put diagonal (See Post Below)* with the back month in April or later). Now that it's whipped through 31 in three seconds flat, I'm going to be patient here and see if it grinds higher throughout December, even though forecasts are generally calling for a "meh" winter temperature-wise.
* -- It doesn't currently have a 52-week rank, since it hasn't been around that long.
** -- Naturally, that setup's no longer good. I'll post a revised setup here shortly.
Cisco short trade, second chancePrevious analysis i showed a bear flag that worked out quite nicely, but it did not reach it's target though. At the moment it looks like a wedge in the making now. However, i do not really like the shape of it, but because it is at that red resistance zone, i am taking a shot at it. The RR is amazing on this one and on top of that, i will start out with a 50% pos size and increase on the way down.
Previous analysis:
Cisco Systems Bear FlagLooks like a solid bear flag from which we will probably see a breakout this week. If the 45ish breaks (green support zone) the chances become much bigger that the target around 42 gets reached. Price needs to stay below the red zone for the bear flag to remain valid.
[CSCO] phase 4The price this week went to under 30MM. It's starting phase 4 although the support is $40.07. Sell.
Cisco - Profit Potential!I think every IT company uses Cisco software or hardware, so it's no surprise that the stock price grows every month. The uptrend on the CISCO stock is because the management doing their job right. The stock, trading under $50 with a relatively low market cap near $225 billion, may be a value pick for some investors, as well as we can see a two scenario in the near-term, first, the price rises as rocket to $60 p/s (3 weeks max) or it will be trading around $50 p/s the next months. I believe in the uptrend, and I'm sure we will see $60 p/s soon.
Right now we have the next data from indicators, RSI is overbought, and the MACD is doing good.
The issue of this indicator(RSI) lags behind the stock market and I assure you it does not work on the uptrend. The price can easily goes higher while you thinking that is a good moment to make profit. Wait and watch. The uptrend is a movement which is not easy to stop.
The MACD is better for trending stocks, and here we can see it above the centerline and its signal line - the Sign to buy and hold.
Enter: $45, 46, 47
Close: $60+
Likes/Comments, Yes please :)
S&P 500 Historic All-Time Shines Cautious Light On Opportunities"The S&P 500 printed its first all-time high in 7 months just in time for a record bull market. The good mood underlines new trade opps."
S&P 500 Historic All-Time Shines Cautious Light On Opportunities drduru.com $SPY $QQQ $IWM $XRT $XLF #VIX $BA $BBY $CAT $BIDU $CSCO $DKS $HIBB $FB $GE $M $MTCH $NFLX $NIB $QCOM $RDFN $Z $TOL $TSLA $WMT $YELP #AT40 #T2108
CSCO Cisco systems entry long after positive MA 200 testAfter a poistive test of MA 200 the chart shows divergence on RSI. Actually the price has been traded ina a triangle since may, MACD is getting in bullish mode and what we see in the chart is a bullish wedge. Resistence between 43 and 43,25, tp1 at least 46 dollars
$CSCO Long-term Bullish Ascending Triangle$CSCO Possible buy within ascending triangle - targeting 5% in short term, expecting two more moves within triangle most likely before any breakout.
[CSCO] Strong Tech Name Looking to break Resistance at ATHCisco, it's got the story. It's got the upcoming earnings .
Besides the technical charts showing strength, it's attractive and I'm surprised I haven't heard a lot of news coverage given earnings coming up.
CSCO 0.72% has the cloud thing going on, it's got the telecoms aspect in a digital way that integrates with its cloud and enterprise solutions. Having that sort of niche-type aspect of cloud solutions seems solid since the competition isn't coming from broader Cloud players like AMZN 0.98% , GOOGL 2.87% , MSFT 1.18% , etc.
Intensive focus on a niche-(ish?) areas in the future of tech is always a buy for me. AAPL 0.70% has been doing the same thing since the 80's without giving a damn about all the people saying that the company is dead if they don't branch out.
“People think focus means saying yes to the thing you've got to focus on. But that's not what it means at all. It means saying no to the hundred other good ideas that there are... Innovation is saying no to 1,000 things." - Steve Jobs
[MSFT] Strong Tech Stock Looking to break Resistance at ATH!Similar breakout setup to CSCO and ADBE.
Adobe's leading out of the triangle, I suspect both MSFT and CSCO are gonna follow suit in strong way.
MSFT's an all around solid company, not much to say other than they have huge influence on the sector and aren't failing to innovate. Azure Cloud platform is challenging Bezos' cloud at AMZN, the Windows OS will be fueling growth for a long long time, and they're always getting into new areas of expansion by building on top of the core Windows products.
