April 29, 2012

CISCO Weekend update

CISCO DAILY CHART
CISCO WEEKLY CHART

  • Daily chart closed below 20 SMA. Trading above 20 SMA can  give a buy signal in daily chart which   can  extend  this bounce.
  • MACD in weekly time frame is looking good for bears. MACD histogram is showing negative divergence. MACD lines have given a sell. Bears need price to close below 20 week SMA. Last weekly candle at 20 week SMA is looking good for a small bounce.
  • BULLISH ENGULFING OF QQQ



By at

1 comment:

  1. kesh2012May 9, 2012 at 11:57 PM

    Please update chart and your analysis for CSCO today...

    ReplyDelete

Subscribe to: Post Comments (Atom)