Cisco is having trouble getting past the high from the tech bubble at the turn of the century. Keeping an eye on this chart pattern that has formed as it consolidates (may take several more years to play out). I won't short if it breaks down, but I'm watching for a potential upward breakout to trade on (looking for a decisive monthly close above the green tend line ideally with significant volume).
ملاحظة
Intel may provide a warning for this stock (not sure how correlated they are) as it also struggled to break significantly above its tech bubble high and eventually broke down before finding support around its 200-Month EMA.ملاحظة
I forgot about this idea. I see it has broken out, not only of the identified pattern but it's also at an all-time high (on the chart adjusted for dividends). I have not started a position yet, I may but may also just continue to watch and see what happens to give myself confidence for future setups like this. (I will update this idea if I decide to trade it.) My (rough) price target is $100/share because that's how much this long-term formation warrants (~$55/share breakout price, formation started at ~$10/share) and $100/share is a psychological level. It may eventually break through that level and head even higher but I suspect it will struggle if it can eventually get there.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.