CSCO looks to be setting up a nice bull flag to go long. Set a base and has been trading sideways for some time. A breakout could send this to Mid 50s in my opinion short term. RSI has been chilling out as well which is a good sign. Not a bad idea to start a small position now and scale in on confirmation of a breakout. You can have tight stops under $51 for minimal loss or let it go some to $50.
Shares or 5/21 and later options near the money or in the money would be good for this play if you like it.
NOT FINANCIAL ADVISE ONLY SHARING MY OPINION ON THE STOCK!
Shares or 5/21 and later options near the money or in the money would be good for this play if you like it.
NOT FINANCIAL ADVISE ONLY SHARING MY OPINION ON THE STOCK!
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.