Dec. 25 at 1:21 PM
Actionable Trade Alert for
$CSCO:
Market Context:
$CSCO is currently trading at
$78.02, showing stability within a defined range. The 60D high of
$80.82 indicates potential resistance, while the 60D low of
$66.81 suggests a solid support level.
Directional Bias: The RSI at 51.24 indicates a neutral stance, suggesting that the stock is neither overbought nor oversold. The MA30 at
$77.45 is above the MA50 at
$75.02, indicating a bullish short-term trend.
Trade Plan:
- Suggested Entry:
$78.50 (above current close for confirmation of upward momentum)
- Stop Loss:
$76.50 (to limit downside risk)
- Take Profit Targets:
1.
$80.00 (2% gain)
2.
$81.50 (4.5% gain)
3.
$91.50 (17.5% gain)
This plan provides a clear path to achieving over 17% ROI on the third target while maintaining a manageable risk.
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