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elnidodelaguila (< 20)

Is Cisco´s Hammer on weekly graphs a real bottom figure???

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April 22, 2011 – Comments (4) | RELATED TICKERS: CSCO

Good Morning Fools:
Cisco finish the week in an upbeat tone, draining some shorts with a nice Hammer on weekly graphs; it seems to me a nice technical action that could lead Cisco market price value higher.
SKT are crossing in the low band, and we can see some accumulation on daily graphs.
A real bottom??.. i bet for it. we´ll see next week.
Have a nice easter holidays
Love from Spain.
www.elnidodelaguila.com

4 Comments – Post Your Own

#1) On April 22, 2011 at 10:58 AM, chk999 (99.98) wrote:

I hope so. I finished filling out my real money position this week. If it went a lot lower I would buy more and be happily overweight.

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#2) On April 22, 2011 at 11:19 AM, elnidodelaguila (< 20) wrote:

Well done..

My trading premise on Cisco Systems is the same like Intel, weak Us.$ and stronger emerging market´s cocktail will benefit Cisco´s next earnings report, if you translate Forex Cisco´s earnings into Us.$ and add new business grow in emerging markets yor´ll get a nice earnings report to comfort analysts view about Cisco future prespectives.
It seems to me, due last management action, that they´re working to get the key to start delivering some for shareholders...
Cisco´s shareholder´s value wont last so depressed forever, patience will be the key for suffered long shareholders.
Have a nice day

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#3) On April 22, 2011 at 9:17 PM, Charlie1368 (< 20) wrote:

This candle also comes at heavy support at $17, which makes it a stronger case for a bottom. I've been watching these shares for a while, and this looks like a good buying point.

 

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#4) On April 23, 2011 at 5:48 AM, elnidodelaguila (< 20) wrote:

Hi Charlie:

It will be interesting that CSCO could navigate upper the Us.$17 band in the near term, to confirm late Hammer on weekly graphs, and to attrack some new traders to Cisco´s arena

Regards.

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