Cisco Systems Inc.(CSCO:NASDAQ) Elliott Wave Technical Analysis 23 January 23

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Cisco Systems Inc., Elliott Wave Technical Analysis

Cisco Systems Inc., (CSCO:NASDAQ): Daily Chart, 23 January 23,

CSCO Stock Market Analysis: Looking for further upside into wave {c} of 2 after a three wave mve in wave {b} as well as a three wave move in wave {a}(flat correction).  

CSCO Elliott Wave Count: Wave {b} of 2.

CSCO Technical Indicators: At the cross of the averages.

CSCO Trading Strategy: Looking for a break of wave (b) of {b} to start looking for longs.

TradingLounge Analyst: Alessio Barretta

 

 

 

Cisco Systems Inc., CSCO: 4-hour Chart, 23 January 23,

Cisco Systems Inc., Elliott Wave Technical Analysis

CSCO Stock Market Analysis: It looks like wave (c) could already be completed as it is finding support on the 200EMA, as well as on the 38.2% of wave {a} and it is very close to equality of (a) vs. (c).  

CSCO Elliott Wave count: Wave (c) of {b}.

CSCO Technical Indicators: 200EMA acting as support.  

CSCO Trading Strategy: Waiting for a break of green line for further confirmation.