Cisco Systems Inc.(CSCO:NASDAQ) Elliott Wave Technical Analysis September 30 2022

TradingLounge
2022-09-30

Cisco SystemsInc., Elliott Wave Technical Analysis

Cisco Systems Inc.,(CSCO:NASDAQ): Daily Chart, September 30 2022, 

CSCOStock Market Analysis:We could be forming wave (iv) and I would expect it to be sideways as wave (ii) was a sharp correction.

CSCO Elliott Wave count:  (iv) of {v}.

CSCOTrading Strategy:Looking for short off wave (iv) once we get confirmation.

CSCOTechnical Indicators:Eventually the 20EMA(red line) 9could act as resistance.

TradingLounge Analyst: Alessio Barretta

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Cisco Systems Inc.,CSCO: 4-hour Chart, September 30 2022

Cisco Systems Inc.,Elliott Wave Technical AnalysisCSCO Stock Market Analysis: We can see we past equality of (i) vs(iii) and now we are facing resistance at the same level.

CSCOElliott Wave count: (iv) of {v}.

CSCO Technical Indicators:We are starting to form RSI divergence.

CSCOTrading Strategy: Looking for shorts once we have confirmation wave (iv) is completed.

# Technical analysis challenge

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Comment（164）

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  • wigglyz
    ·2022-10-01
    TOP
    CSCO is undervalued and a big time buy under 40 if it goes there but SILC is my top pick in the networking sector. Huge upside.
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  • Epee
    ·2022-10-03
    Thanks for sharing!
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    • rayjs: 
      a
      2022-10-04
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    • KFChen: 
      Gd
      2022-10-04
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  • zinglee
    ·2022-10-01
    CSCO should be able to get this around $35.
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  • vippy
    ·2022-10-01
    I don't know if or how many times csco split but it's lower now then it was in almost 25 years
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  • snugglo
    ·2022-10-01
    you know it’s matter of time breaking that 40! Decent entry here but be ready to buy in mid 30s if market keeps collapsing!
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  • Yolly08
    ·2022-10-03
    Nice sharing 👍🏻
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    • VingVing: 
      Okok
      2022-10-04
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  • Kel9670ong
    ·2022-09-30
    see only red
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  • Wei Yang Tay
    ·2022-10-04
    Good info thanks
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  • mrzhuge
    ·2022-10-04
    woo
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  • ONG ONG
    ·2022-10-04
    ok
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  • DQS4288
    ·2022-10-04
    👍🏻
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  • shaunlohloh
    ·2022-10-04
    Nice
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  • StockMing
    ·2022-10-04
    k
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  • Kelvin 梁
    ·2022-10-04
    S
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  • chickennuggets
    ·2022-10-04
    y
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  • Jackosen
    ·2022-10-04
    nice
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  • JLwinwin
    ·2022-10-04
    good
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  • Tigeddy
    ·2022-10-04
    R
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  • CZUP
    ·2022-10-04
    1
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  • 隨缘呗
    ·2022-10-04
    [微笑]
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