The Daily View for Cisco
- At the moment, CSCO’s price is down $-0.03 (-0.06%) from the day prior.
- It’s been a feast for bulls operating on the daily timeframe, as Cisco has now gone up 4 of the past 5 days.
- If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
- The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Cisco’s hourly price chart is shown below.
The Daily View for Cisco
- Currently, CSCO’s price is down $-0.21 (-0.42%) from the day prior.
- This is a reversal of the price action on the previous day, in which price moved up.
- If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
- Price action traders may also wish to note that we see a doji candlestick pattern on Cisco. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
- The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Below is a daily price chart of Cisco.
Featured Cisco Idea From TradingView
Below is a trading comment entitled CSCO Daily Bull Flag Setup you may find interesting:
CSCO looks to be setting up a nice bull flag to go long. Set a base and has been trading sideways for some time. A breakout could send this to Mid 50s in my opinion short term. RSI has been chilling out as well which is a g…
— GravityTrades
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