Cisco approaches multi-year resistance at 58.03

[dima777]

Cisco (CSCO) is currently approaching the powerful multi-year resistance at 58.03, which earlier stopped the extended weekly uptrend in July of 2019. Selected Alpha labels this level as the golden resistance level because it is standing above the upper daily Bollinger Band and is within the reach of Cisco in the course of the next trading session (distance to resistance at 58.03 is close to 1 ATR, Average True Range).

Read full Cisco analysis.

 

[Bastion_01]

Do most of the retail guys take trades only based on a few rolling z scores and random round numbers? Hahaha

 

[SunTrader]

$58.28 was July 16th 2019 high

Even friggen yahoo got it right.

 

[maxinger]

Cisco (CSCO) is currently approaching the powerful multi-year resistance at 58.03, which earlier stopped the extended weekly uptrend in July of 2019. Selected Alpha labels this level as the golden resistance level because it is standing above the upper daily Bollinger Band and is within the reach of Cisco in the course of the next trading session (distance to resistance at 58.03 is close to 1 ATR, Average True Range).

Read full Cisco analysis.

what a lousy post.

So what must newbie traders,
investors, day traders, swing traders do?

buy immediately when it breaks golden resistance level?
sell immediately since it touches the golden resistance level?

Or for wait for some sign / pattern /
doji, flying superstar, dark cloud cover, engulfing whale, piercing star, flying spear ....?

 

[TrailerParkTed]

Cisco (CSCO) is currently approaching the powerful multi-year resistance at 58.03, which earlier stopped the extended weekly uptrend in July of 2019. Selected Alpha labels this level as the golden resistance level because it is standing above the upper daily Bollinger Band and is within the reach of Cisco in the course of the next trading session (distance to resistance at 58.03 is close to 1 ATR, Average True Range).

Read full Cisco analysis.

Been holding since the BS sell off in the high $40s. It’s a great stock, the options are up 5x because it’s a low mover.

 

[WrenTypeCyborg]

what a lousy post.

So what must newbie traders,
investors, day traders, swing traders do?

buy immediately when it breaks golden resistance level?
sell immediately since it touches the golden resistance level?

Or for wait for some sign / pattern /
doji, flying superstar, dark cloud cover, engulfing whale, piercing star, flying spear ....?

i like ur Sinicism; someone thats over it...ur mindsets demeanor is identical to my mine in relation to all the dumbass people that take the news as gospel not knowing they are just bein manipulated....the frustration really sets in as these people....nevermind no tangents today

 

[TrailerParkTed]

Cisco (CSCO) is currently approaching the powerful multi-year resistance at 58.03, which earlier stopped the extended weekly uptrend in July of 2019. Selected Alpha labels this level as the golden resistance level because it is standing above the upper daily Bollinger Band and is within the reach of Cisco in the course of the next trading session (distance to resistance at 58.03 is close to 1 ATR, Average True Range).

Read full Cisco analysis.

I am rolling my calls out as far as time will allow. Too dangerous having my $50s this deep in the money. The $55s were dirt cheap because CSCO is a turtle. Glad someone else noticed how CSCO grinds higher but slowly! Good investing!