Everything is looking pretty bad out there. notably, almost no stock can their post-earnings bump (if they even had one - see GOOG and UPST). CSCO did though.
This would be an 'iffy' early entry. It looks like it is bouncing off of the 200 EMA, stochastic is going higher and there is a MACD cross-over.
However, the anchored VWAP (from all-time high) provides some resistance at $57.56. The general market is weak... prob best to play this with some tight stop losses and 1:1.5 risk-reward ratio.
Out at $55 (allowing for some jitter below the 200 day EMA); take profits at $59 and fully exit if it hits $60.95
This would be an 'iffy' early entry. It looks like it is bouncing off of the 200 EMA, stochastic is going higher and there is a MACD cross-over.
However, the anchored VWAP (from all-time high) provides some resistance at $57.56. The general market is weak... prob best to play this with some tight stop losses and 1:1.5 risk-reward ratio.
Out at $55 (allowing for some jitter below the 200 day EMA); take profits at $59 and fully exit if it hits $60.95