| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 53.15 |
| Take Profit | 54.69, 56.25 |
| Stop Loss | 51.90 |
| Key Levels | 45.31, 48.44, 50.00, 53.12, 54.69, 56.25 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 49.95 |
| Take Profit | 48.44, 45.31 |
| Stop Loss | 51.00 |
| Key Levels | 45.31, 48.44, 50.00, 53.12, 54.69, 56.25 |
Current trend
Shares of Cisco Systems Inc., an American manufacturer and supplier of network equipment for large holdings and telecommunications companies, have been actively increasing for the second month. During this time, the price has reversed from 45.31 (Murrey level [1/8]), entered the positive part of the main Murrey trading range and is currently testing the reversal mark of 53.12 (Murrey level [6/8]). After consolidation above, growth may reach the area of 54.69 (Murrey level [7/8]) and 56.25 (Murrey level [8/8]). In case of a breakdown of the central mark of the Murrey trading range 50.00 (Murrey level [4/8]), supported by the middle line of Bollinger bands, the quotes may return to the area of 48.44 (Murrey level [3/8]) and 45.31 (Murrey level [1/8]).
Technical indicators reflect the continuation of the upward trend: Bollinger Bands and Stochastic are reversing upwards, and the MACD histogram is increasing in the positive zone.
Support and resistance
Resistance levels: 53.12, 54.69, 56.25.
Support levels: 50.00, 48.44, 45.31.
Trading tips
Long positions may be opened above 53.12, with the targets at 54.69, 56.25 and stop loss 51.90. Implementation period: 5–7 days.
Short positions may be opened below 50.00, with the targets of 48.44, 45.31 and stop loss of 51.00.
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