CSCO bullish move before earnings

6 באוג׳ 2020

Upcoming Events:
Earnings Aug 12 after market close

Overview:
CSCO is apart of S&P 500 Index. The index is currently closing the gap from Feb. Closing this gap could lead to greater than normal moves to upside or downside
CSCO appears to have established a short term range and is showing bullish signs of breaking that range

Entry:
Target price: 47.67
RSI >50
Volume cross average

Stop Loss:
Previous day candle low 47.04

Target Profits (Scale out):
Based on previous resistance points
1st 48.27
2nd 48.89
3rd 49.53