CSCO has breakout from it's long term uptrend channel

Penjualan

Cisco Systems, Inc. (NASDAQ:CSCO)

Diupdate

NASDAQ:CSCO Cisco Systems, Inc.

trendanalysis trendline supportandresistance csco stocks usstocks usd pullbacktrade stocktrading stocksignals priceaction

CSCO

Hi everyone , we hope you're all fine and having a nice time.
let's take a look at CSCO chart together :
- A long-term uptrend channel is recently broken
- The price is going to move as a pullback now
- Also the price is so close to touching the 50 EMA
- also there are fundamental issues that can affect on the price of CSCO to fall
----------------------------------------------
I think we must wait for price action and candlestick confirmations to the pullback
and after that we can take a short position with 1.72 R/R
----------------------------------------------
what's your opinion guys ?
I'd be glad to see your comments and ideas .

Komentar:

! this is just a personal analysis and this person has no responsibility of your trade and risk !

Trading ditutup: target tercapai

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.