CSCO has a neutral long-term stance but a bearish short-term bias, expecting rallies to fail and prices to test lower levels near 107.53.
Jump to any passage
Okay, let's jump over now uh to CSCO. This is also part of the top holdings although you can see it is much different. COC uh CSCO is also neutral in the ASLM MCM. Uh CSCO is also uh showing as a neutral shorter time frame bias.
And on the weekly chart 914 to around 119 is is is when that low is due. Look at how the RS has been holding red for a while now. 10843 to 10162 is when that low is due.
This looks a lot like AVGO. Obviously, I know that they are in different spaces, but you know, generally speaking, the overall timing is aligning uh fairly well on the intermediate term with a low that's not due here for a little bit.
Uh so, it says, you know, rally attempts are likely to work their way a little bit lower.
Uh jump over to the short term, 92 to about 911. Obviously, a ton of relative weakness in Cisco. This also has a bearish earnings gap that it's uh that it's actually dealing with here.
Pretty good odds of a move back to these old lows at around 10753. Then just below that, you have 10676 at 10187.
Okay. And finally, let's shift over uh to the 2hour time frame. And this is what is called a bearish cross in the ASIM MCI. Okay. Uh you're seeing that right here where you moved from positive back through the swing zone to negative.
Okay, that's more negative uh for the ASLM MCI. So that's a tip in in the hat uh on the bare side here uh for the uh for the CSCO. And we're going to be looking at this as a earnings gap down bare flag setup uh for lower uh here in the shorter time frames.
RS is close to actually turning red and Slim Ribbon is also really neutral. So it's it's in need of a little bit of a bearish trigger to likely see one final move down in the short term.
Watchpoints
What this channel has said about $CSCO
Steve Miller has 2 calls on this stock; only the adjacent ones are shown.