Antony_NPBFX
NPBFX Representative (unconfirmed)
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Cisco Systems Inc.: technical analysis 03.03.2023
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.
The shares of Cisco Systems Inc., an American manufacturer and supplier of network equipment for large holdings and telecommunications companies, are correcting at 48.50.
On the daily chart, the price completes the formation of the global Head and shoulders pattern with the Neckline at 51.00, which the instrument has already tested this year but could not overcome and rolled back down. Now, the quotes are traded in the local ascending channel with dynamic boundaries 47.00–51.00, preparing to continue moving towards 56.00.
Technical indicators keep a local buy signal: the range of EMA fluctuations on the Alligator indicator is in the ascending zone, and the AO histogram forms corrective bars in the buy zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 49.50 with the target at 54.00. Stop loss – 48.50. Implementation period: 7 days or more.
Short positions may be opened after a reversal, reduction, and consolidation of the price below 46.80 with the target at 43.80. Stop loss – 47.60.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register 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.
The shares of Cisco Systems Inc., an American manufacturer and supplier of network equipment for large holdings and telecommunications companies, are correcting at 48.50.
On the daily chart, the price completes the formation of the global Head and shoulders pattern with the Neckline at 51.00, which the instrument has already tested this year but could not overcome and rolled back down. Now, the quotes are traded in the local ascending channel with dynamic boundaries 47.00–51.00, preparing to continue moving towards 56.00.
Technical indicators keep a local buy signal: the range of EMA fluctuations on the Alligator indicator is in the ascending zone, and the AO histogram forms corrective bars in the buy zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 49.50 with the target at 54.00. Stop loss – 48.50. Implementation period: 7 days or more.
Short positions may be opened after a reversal, reduction, and consolidation of the price below 46.80 with the target at 43.80. Stop loss – 47.60.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register 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.