By
Peter Mathers
of
Trading Lounge
Monday, January 23, 2023 3:51 AM EST
Cisco Systems Inc., Elliott Wave Technical Analysis
![](https://images.unsplash.com/photo-1484557052118-f32bd25b45b5?ixlib=rb-4.0.3&ixid=MnwxMjA3fDB8MHxzZWFyY2h8MXx8Y2lzY28lMjBzZXJ2ZXJzfGVufDB8fDB8fA%3D%3D&auto=format&fit=crop&w=600&q=60)
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Cisco Systems Inc., (CSCO): Daily Chart, Jan. 23
CSCO Stock Market Analysis: Looking for further upside into wave {c} of 2 after a three wave mve in wave {b} as well as a three wave move in wave {a}(flat correction).
CSCO Elliott Wave Count: Wave {b} of 2.
CSCO Technical Indicators: At the cross of the averages.
CSCO Trading Strategy: Looking for a break of wave (b) of {b} to start looking for longs.
TradingLounge Analyst: Alessio Barretta
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_1000001284.webp)
Cisco Systems Inc., CSCO: 4-hour Chart, Jan. 23
Cisco Systems Inc., Elliott Wave Technical Analysis
CSCO Stock Market Analysis: It looks like wave (c) could already be completed as it is finding support on the 200EMA, as well as on the 38.2% of wave {a} and it is very close to equality of (a) vs. (c).
CSCO Elliott Wave count: Wave (c) of {b}.
CSCO Technical Indicators: 200EMA acting as support.
CSCO Trading Strategy: Waiting for a break of green line for further confirmation.
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_1000001283.webp)
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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