Is CISCO exhausted from selling pressure?

LONG - CSCO
SL: 46.60 (Suggested by our algorithmic systems)
SL: 45.24 (Safer option, personal suggestion)
TP: 49.60

Reasons behind this idea:

1. Resistance trendline is subjectly broken.

2. Clear bullish divergence on MACD indicator.

3. Bullish divergence on Stochastic indicator.

Caution: Earnings Report is due in a few days.

---------- Chart Drawings ----------

Red Dotted Line: Broken Resistance Trendline
Purple Line: Suggested Stoploss by our algorithmic systems (under testing)
Pink Line: Personal Stoploss Recommendation
Green Line: Suggested Take Profit
Green Arrow: Bullish Divergence


Please trade responsibly and good luck!

הערה:

Here is a screenshot of the idea from our mobile app currently under internal testing ibb.co/g4kQHnL

הערה:

Our mobile app adjusted the SL however the gap was too tight and it was stopped out too soon, resulting in a 50% profit (1:0.5). I suggest adjusting your stop loss if you haven't already to protect yourself from a loss.

Screenshot of our app ibb.co/fSmwTvR

העסקה בוטלה באופן ידני:

See screenshot above.