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Gary Johnson L
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My Blog: http://gary-investing.blogspot.com/ Twitter & StockTwits: GaryLee_HK
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  • Oct 09, 2012: CSCO, BAC, AMZN 0 comments
    Oct 10, 2012 9:58 PM | about stocks: AMZN, BAC, IDCC, CSCO

    (click to enlarge)

    Amazon.com, Inc (NASDAQ: AMZN) See if 50MA can be its support.

    (click to enlarge)

    Bank of America Corp (NYSE: BAC) There is a huge W pattern (double bottom) showing in BAC. There have been a correction after testing the recent high 9.76 these several days. 20day MA has been a good support level for 2 times since beginning of September. Look for rebounce or breakout to trade with.

    (click to enlarge)

    Cisco System, Inc (NASDAQ: CSCO) There is a huge consolidation after the gap in August. Interestingly, the gap fits well as a mirror image of the gap in May. Possible bottom playing there. However, A/D line is falling. Considering its low PE ratio and 50ma crossing 200day now, I am very bullish in CSCO in the long run

    My new blog: http://gary-investing.blogspot.com/

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in CSCO over the next 72 hours.

    Themes: Technical Analysis Stocks: AMZN, BAC, IDCC, CSCO
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