Trading Idea For Next Week: Cisco Earnings Releases

This week we have a cool opportunity on Cisco who will release earnings on Wednesday 15 November and if fundamentals sustain we can bounce inside an ascending channel.

Look at the chart, it's screaming BUY BUY BUY

On the other side if the earnings will come out bad witch is very unlikely, Cisco can break the ascending channel and dip to 45-47 area so please use your stop losses right. We don't want to wait to much on this one as it's moving slow so if you want to target something the middle of the ascending channel will be a great idea to take your profits.