| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry Point | 44.70 |
| Take Profit | 42.40 |
| Stop Loss | 45.50 |
| Key Levels | 42.40, 43.60, 44.70, 45.80, 46.60, 48.60 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 46.60 |
| Take Profit | 48.70 |
| Stop Loss | 46.00 |
| Key Levels | 42.40, 43.60, 44.70, 45.80, 46.60, 48.60 |
Shares of Cisco Systems Inc., an American manufacturer and supplier of network equipment for large holdings and telecommunications companies, are trading at 45.80.
On the daily chart, the price is correcting in a downward channel with dynamic boundaries of 48.60–43.60.
On the four-hour chart, the quotes are approaching the support line of 43.60 and may soon try to leave the range downwards, confirmed by the asset being close to the annual low of August 5, 44.70. Consolidation below will allow it to continue its decline.
Technical indicators are holding a sell signal: fast EMA on the Alligator indicator crossed the signal line downwards, and the AO histogram is forming correction bars, falling in the sell zone.
Trading tips
Short positions may be opened after the price declines and consolidates below 44.70, with the target below 42.40. Stop loss is 45.50. Implementation period: 7 days or more.
Long positions may be opened after the price grows and consolidates above 46.60, with the target at 48.70. Stop loss is 46.00.
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