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

Source: tradinglounge.com Get Trial Here!

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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（164）

  • Top
  • Latest
  • fishinglo
    ·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.
    Reply
    Report
  • Epee
    ·2022-10-03
    Thanks for sharing!
    Reply
    Report
    Fold Replies
    • rayjs: 
      a
      2022-10-04
      Reply
      Report
    • KFChen: 
      Gd
      2022-10-04
      Reply
      Report
  • YorkTurner
    ·2022-10-01
    CSCO should be able to get this around $35.
    Reply
    Report
  • YvetteGunther
    ·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
    Reply
    Report
  • familoveyou
    ·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!
    Reply
    Report
  • Yolly08
    ·2022-10-03
    Nice sharing 👍🏻
    Reply
    Report
    Fold Replies
    • VingVing: 
      Okok
      2022-10-04
      Reply
      Report
  • Kel9670ong
    ·2022-09-30
    see only red
    Reply
    Report
  • Wei Yang Tay
    ·2022-10-04
    Good info thanks
    Reply
    Report
  • mrzhuge
    ·2022-10-04
    woo
    Reply
    Report
  • ONG ONG
    ·2022-10-04
    ok
    Reply
    Report
  • DQS4288
    ·2022-10-04
    👍🏻
    Reply
    Report
  • shaunlohloh
    ·2022-10-04
    Nice
    Reply
    Report
  • StockMing
    ·2022-10-04
    k
    Reply
    Report
  • Nutiyagon
    ·2022-10-04
    S
    Reply
    Report
  • chickennuggets
    ·2022-10-04
    y
    Reply
    Report
  • Jackosen
    ·2022-10-04
    nice
    Reply
    Report
  • JLwinwin
    ·2022-10-04
    good
    Reply
    Report
  • Tigeddy
    ·2022-10-04
    R
    Reply
    Report
  • CZUP
    ·2022-10-04
    1
    Reply
    Report
  • 隨缘呗
    ·2022-10-04
    [微笑]
    Reply
    Report