Top of weekly channel here around 72$..
Expecting a correction from here with a immediate target of 65-67..
Long term pullback target is 53-57
Which is yr 2000 high and year 2022 high..
Keep in mind, earnings is this week..
And no I'm not playing earnings, looking to take a trade afterwards if presented
Using the Auto fib extension tool you'll see the next resistance is 74$ on the weekly and monthly time frame
So using the trendline and Fib extension tool , Csco should reverse between 72.50 - 74.00
Expecting a correction from here with a immediate target of 65-67..
Long term pullback target is 53-57
Which is yr 2000 high and year 2022 high..
Keep in mind, earnings is this week..
And no I'm not playing earnings, looking to take a trade afterwards if presented
Using the Auto fib extension tool you'll see the next resistance is 74$ on the weekly and monthly time frame
So using the trendline and Fib extension tool , Csco should reverse between 72.50 - 74.00
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.