Cisco Systems Inc.(CSCO:NASDAQ) Elliott Wave Technical Analysis14 February 23

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Cisco Systems Inc., Elliott Wave Technical Analysis

Cisco Systems Inc., (CSCO:NASDAQ): Daily Chart, 14 February 23,

CSCO Stock Market Analysis: At this point we can explore the possibility of a triangle in wave {b} of 2 to then resume higher in wave {c} and complete the three wave move to the upside.

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

CSCO Technical Indicators: Bouncing around the 200EMA, currently support.

CSCO Trading Strategy: Looking for further sideways continuation in the triangle to then enter long.

TradingLounge Analyst: Alessio Barretta

 

Cisco Systems Inc., CSCO: 4-hour Chart, 14 February 23,

Cisco Systems Inc., Elliott Wave Technical Analysis

CSCO Stock Market Analysis: It is clearer on this lower timeframe chart that price has been moving sideways and we could expect further developments before continuation higher.

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

CSCO Technical Indicators: Above all averages.

CSCO Trading Strategy: Looking for further sideways continuation in the triangle to then enter long.