| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 54.00 |
| Take Profit | 56.50 |
| Stop Loss | 53.00 |
| Key Levels | 47.50, 52.00, 53.00, 55.00, 56.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 52.30 |
| Take Profit | 50.00 |
| Stop Loss | 53.50 |
| Key Levels | 47.50, 52.00, 53.00, 55.00, 56.00 |
Shares of Cisco Systems Inc., an American manufacturer and supplier of network equipment for large holdings and telecommunications companies, are correcting at 53.00.
On the daily chart, the price rises to the resistance line of the global ascending channel with dynamic boundaries 47.50–55.00.
On the four-hour chart, the growth potential is confirmed by the recent consolidation of quotes above the local high of 52.00, and the key “bullish” level is the resistance level of the global channel at 56.00. The formation of a local ascending corridor with a resistance line around 55.00 also signals the development of positive dynamics.
Technical indicators keep a stable buy signal: fast EMAs on the Alligator indicator are significantly above the signal line, and the AO histogram is forming rising bars, rising in the buying zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 54.00 with the target at 56.50. Stop loss — 53.00. Implementation period: 7 days or more.
Short positions may be opened after a reversal, reduction, and consolidation of the price below 52.30 with the target at 50.00. Stop loss – 53.50.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
