Stock pick for 01/06/2012
CSCO - long
Technical view: Odds for daily/weekly triangle break up and buying continuation. I will look CSCO only as swing trade. Best will be if CSCO will give us consolidation day what will decrease risk and if you will watch 15 min or 60 min chart you can see that CSCO didn’t give us much rest and because of that more consolidation will be best. – That was CSCO yesterday technical view. We got that consolidation and I still like possibility. I think that risk is lower than yesterday and I will use same trading plan.
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