Antony_NPBFX
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Cisco Systems Inc.: technical analysis 27.10.2023
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Cisco Systems Inc. for a better understanding of the current market situation and more efficient trading.
Shares of Cisco Systems Inc., an American manufacturer and supplier of network equipment for large holdings and telecommunications companies, are correcting at 51.10.
On the daily chart, the price remains below the support line of the global ascending channel with dynamic boundaries of 54.20–57.60.
On the four-hour chart, the potential for continued decline has increased significantly since the quotes have overcome the 50.0% Fibonacci intermediate correction at 51.60, and now the nearest support level is 50.10 (full 61.8% Fibonacci correction), which the asset may reach soon.
Technical indicators are holding a sell signal: fast EMAs on the Alligator indicator are significantly below the signal line, and the AO histogram is forming corrective bars in the sell zone.
Trading tips
Short positions may be opened after the price declines and consolidates below 50.17 with the target at 47.60. Stop loss – 52.00. Implementation period: 7 days or more.
Long positions may be opened after a reversal, growth, and consolidation of the price above 51.65 with the target at 53.14. Stop loss – 51.00.
Use more opportunities of the NPBFX analytical portal: economic calendar
Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Cisco Systems Inc. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Cisco Systems Inc. for a better understanding of the current market situation and more efficient trading.
Shares of Cisco Systems Inc., an American manufacturer and supplier of network equipment for large holdings and telecommunications companies, are correcting at 51.10.
On the daily chart, the price remains below the support line of the global ascending channel with dynamic boundaries of 54.20–57.60.
On the four-hour chart, the potential for continued decline has increased significantly since the quotes have overcome the 50.0% Fibonacci intermediate correction at 51.60, and now the nearest support level is 50.10 (full 61.8% Fibonacci correction), which the asset may reach soon.
Technical indicators are holding a sell signal: fast EMAs on the Alligator indicator are significantly below the signal line, and the AO histogram is forming corrective bars in the sell zone.
Trading tips
Short positions may be opened after the price declines and consolidates below 50.17 with the target at 47.60. Stop loss – 52.00. Implementation period: 7 days or more.
Long positions may be opened after a reversal, growth, and consolidation of the price above 51.65 with the target at 53.14. Stop loss – 51.00.
Use more opportunities of the NPBFX analytical portal: economic calendar
Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Cisco Systems Inc. and trade efficiently with NPBFX.