While the market was falling apart I picked up some shares of CSCO as it completed a perfected TD Sequential countdown. The entry point was very close to the stop-loss so I didn’t worry too much. (That is what is so cool about the TD Sequential and Combo, they have well defined risk) The trade didn’t work out and I was stopped out for a small loss.
The other day I pointed out that CSCO finished another TD Sequential just as an analyst upgraded the stock. After the post pop sell-off occured I couldn’t help but pick up some July CSCO in-the-money calls for 3.50. Thanks to better market conditions, I’m sitting on some big gains right now with those calls being priced at 4.80. The really cool thing is that I expect to see CSCO’s price to reach 27.50, which would mean a call price of around 5.80.
What’s the time frame on this chart you are using? When I do a chart comparison,my chart look nothing like your chart. I’m using a daily chart.Cisco did rise on feb.27…Hitting resistence at like 25.13,at Feb.28th am I looking at this right?
Your charts are the same