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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.07-1.4%3:59 PM EST

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To: RetiredNow who wrote (60723)8/6/2002 6:04:11 PM
From: Jorj X Mckie  Read Replies (2) of 77397
 
CSCO P&F chart.

I know that most don't buy into this technical analysis thing....

CSCO bounced off of support yesterday, after breaking a
triple bottom support level in July. Afterhours trading
would reverse this chart and set a stronger support level
in the $11.00-11.50 range. However, a reversal at this
point will put CSCO's stock directly at both price and
trendline resistance at 13.50. This trendline resistance
has held fast since the beginning of the year. A move to
$14.00 would be a bullish indication. Current chart
reading is more bearish than bullish.

stockcharts.com

24.00 | X + | | | 24.00
23.00 | X O + | | | 23.00
22.00 | X O X + | | | 22.00
21.00 | X O X O + + C| X + | | 21.00
20.00 | X O X O X + 8 + X|O 1 O 2 + | | 20.00
19.50 | X O X O X O + X O + X|O X O X O + | | 19.50
19.00 | X O X O X O X O + X|O X O X O + | | 19.00
18.50 | 6 O X O X X O X + B|O X O O + | | 18.50
18.00 | O X 7 X O X O X O + X|O O + + | | 18.00
17.50 | O X O X O X O X O + X| O X 4 + + | | 17.50
17.00 | O X O X O O X O X + X| O X O X O X + | | 17.00
16.50 | O O O X O X O X| O 3 O X O X O + | | 16.50
16.00 | O O X O X| O X X O O X O + | | 16.00
15.50 | O X O | O X O X O X O + | | 15.50
15.00 | O X | O X O X O X 6 X + |High| 15.00
14.50 | 9 X X | + O O O X O X O + | | 14.50
14.00 | O X O A | + O X O X X O + | | 14.00
13.50 | O X O X | + 5 X O X O X O X | | 13.50
13.00 | O O X |+ O X O X O X O X O |Avg | 13.00
12.50 | O X +| O O 7 O X O | | 12.50
12.00 | O X + | O X 8 | | 12.00<
11.50 | O + | O O | | 11.50
11.00 | + | |Low | 11.00
10.50 | | | | 10.50
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