Trading idea for Cisco Systems, Inc. (NASDAQ)

Cisco Systems, Inc. (NASDAQ)

#CSCO

The trend is upward. The downward wave pattern is truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading Idea:

Buy upon the formation of an upward wave pattern where wave (A) breaks through the trendline of the truncated downward pattern.

Stop Loss: 108.88.

Target levels: 112.50; 116.20.