Cisco Systems, Inc.
Long

Trading Strategy for cisco

86
1. Trend Analysis
Uptrend channel since 2011

2. Entry Analysis
Pitchfork, representing short entries at higher level and Long Entries at lower level

3. Indicator Analysis
Weekly 100SMA have proved to be an health indicator for overall direction (bearish)
MACD (Bearish)
Stoch (Bearish)

4. Candlestick Analysis
Engulfing Bearish candlestick (bearish)
Expecting a three black(red) crows in upcoming weeks

5. Major Support and Resistance
S1: 34.7-34.8
S2:28.8-29.0
S3: 21.85-22
R1: 45
R2 50-50.2

Trading Plan
1. Trade with trend
Look out for reversal candlestick pattern on daily candle @ S1( 34.7-34.8) for entry
SL:Weekly close below 32.8
TP(1): 45
TP(2): 50

Please DYODD, my TA is using pitchfork, Short when it got into the higher bands and long when it got into the lower band. Currently its at the middle range which is not attractive for either side (you could look at the volume to see if i'm right).
Will trade with the flow and long when it got into lower band .

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