| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry Point | 44.90 |
| Take Profit | 42.50 |
| Stop Loss | 46.40 |
| Key Levels | 44.70, 45.20, 45.66, 46.00, 46.40, 47.60, 48.80 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 46.00 |
| Take Profit | 47.60 |
| Stop Loss | 45.20 |
| Key Levels | 44.70, 45.20, 45.66, 46.00, 46.40, 47.60, 48.80 |
Shares of Cisco Systems Inc., an American manufacturer and supplier of network equipment for large holdings and telecommunications companies, are trading at 45.66.
On the daily chart, the price is correcting within a downward channel with dynamic boundaries of 48.80–44.70.
On the four-hour chart, the quotes are close to the support level of 44.70 and may soon break it and continue to decline, which is confirmed by the asset holding below the low of November 16, 2023, 46.00.
Technical indicators are holding a sell signal: fast EMA on the Alligator indicator are below the signal line, and the AO histogram is forming correction bars in the sell zone.
Trading tips
Short positions may be opened after the price declines and consolidates below 44.90, with the target below 42.50. Stop loss — 46.40. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 46.00, with the target at 47.60. Stop loss is around 45.20.
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