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
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Oct 09, 2012: CSCO, BAC, AMZN 0 comments
(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.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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