The CSCO stock is very promising for investors, with excellent indicators. It has formed a symmetrical triangle on the weekly chart, which has been strongly broken out of after a significant accumulation phase at $55.95. Currently, we are at a resistance zone where we expect a correction. There are two scenarios: either a correction to the upper boundary of the triangle, followed by price action that leads to a strong upward movement towards the target, or a deeper correction to the demand zone that coincides with the 200-day moving average on the daily chart, from which we could see strong momentum pushing the price up to $70.50I hope for the second scenario to occur, as it would provide an excellent entry point close to the stop-loss, which is set at a close below $43.
Transaction en cours
TARGET IS ACHIVEDTrade fermée: cible de profit atteinte
Now Sell With StopLoss Clossing Above Orange Zone Waiting Strong Correction
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.