Trading idea number S-009 | CISCO stock could raise to 60 USD area.
The setup is positive: The stock is trading above its 20- and 50-day moving averages, while prices have crossed the upper daily Bollinger band.
The RSI is above 50 and The MACD is positive above its signal line, both still showing room to climb on the weekly time frame.
📈 Long Entry at 55.98
💰 Take Profit at 59
💸 Stop Loss at 53.85
The setup is positive: The stock is trading above its 20- and 50-day moving averages, while prices have crossed the upper daily Bollinger band.
The RSI is above 50 and The MACD is positive above its signal line, both still showing room to climb on the weekly time frame.
📈 Long Entry at 55.98
💰 Take Profit at 59
💸 Stop Loss at 53.85
Trade closed: stop reached:
-3.80