Cisco Trading Analysis (19/01/2024)

The trend is descending. The upward wave structures are truncated. The stock is traded in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.

Trading idea:

Sell when the formation of the descending wave structure begins, where the wave A breaches the sloping channel of the ascending truncated structure.

Stop-Loss at 50.80.

Target price levels at 49.00 and 47.64.

#cisco #stock #stocktrading #tradingstrategies #tradingmt5