Stock market: has Cisco reached a limit?

Stock market: has Cisco reached a limit?

2019-11-11 • Updated

Trade ideas

SELL 55.95; TP 54.90; SL 56.15

BUY 57.20; TP 58.00; SL 57.00

The stock of Cisco formed a doji “shooting star” candlestick on the weekly chart. The price has been rising for 4 months in a row and is now at the all-time highs. It gained more than 40% since the last year’s corrective bottom. Obviously, the stock is now expensive, and investors may decide to take profit.  

The daily chart shows that the pair formed a lower high. The decline below 56.00 will lead to a “double top” and open the way down to 54.85. On the other hand, an advance above 57.15 is needed to resume the uptrend with the target at 58.00.

The near-term downside looks more likely. In the longer term, Cisco represents a way to bet on a promising 5G market and thus remains attractive, so traders may look for buy opportunities at lower levels.

Cisco 26.png

Notice that to trade stocks with FBS you need to open an MT5 account in your personal area.


What to trade on May 9-13?
What to trade on May 9-13?

It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!

SPCE: Huge Short Opportunity
SPCE: Huge Short Opportunity

What happened? Sir Richard Branson risks losing his grip on Virgin Galactic as he continues to sell down his stake in the space tourism venture to fund his pandemic-hit businesses…

Latest news

What To Trade On May 23 - 27?
What To Trade On May 23 - 27?

Last week blew traders' minds!  The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…

Can a recession be avoided? 
Can a recession be avoided? 

The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession. 

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera