Nov. 21 at 2:07 AM
$CSCO: The last close at
$75.44 indicates a bullish sentiment as the price is above the 30-day moving average (MA30) of
$72.34 and the 50-day moving average (MA50) of
$70.65. The RSI at 56.82 suggests that the stock is neither overbought nor oversold, indicating potential for further upward movement. The recent high of
$80.06 is a critical resistance level, while the low of
$66.13 provides a solid support base.
Directional bias is bullish, supported by the price being above key MAs and a healthy RSI. Suggested entry is at
$76.00, slightly above the last close to confirm upward momentum. Set a stop loss at
$74.00 to manage risk. Target 1 is
$78.00, just below the recent high, and Target 2 is
$80.00, aiming for a breakout above resistance.
Monitor the ATR of 2.26 for volatility and adjust the stop accordingly.
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