(function() { (function(){function c(a){this.t={};this.tick=function(a,c,b){var d=void 0!=b?b:(new Date).getTime();this.t[a]=[d,c];if(void 0==b)try{window.console.timeStamp("CSI/"+a)}catch(l){}};this.tick("start",null,a)}var a;if(window.performance)var e=(a=window.performance.timing)&&a.responseStart;var h=0=b&&(window.jstiming.srt=e-b)}if(a){var d=window.jstiming.load;0=b&&(d.tick("_wtsrt",void 0,b),d.tick("wtsrt_","_wtsrt", e),d.tick("tbsd_","wtsrt_"))}try{a=null,window.chrome&&window.chrome.csi&&(a=Math.floor(window.chrome.csi().pageT),d&&0=c&&window.jstiming.load.tick("aft")};var f=!1;function g(){f||(f=!0,window.jstiming.load.tick("firstScrollTime"))}window.addEventListener?window.addEventListener("scroll",g,!1):window.attachEvent("onscroll",g); })();

Tuesday, July 17, 2007

StockWatch: CSCO

CSCO has formed a base and is approaching a very important milestone - the $30 mark. It touched $30 briefly yesterday, but was not able to break out. From the 10 year chart below, you will see why $30 is an important mark for it to clear - it was a previous resistance way back in 1999 and at the start of 2004. If it is able to breakout of $30, next target will be $35.



3 Comments:

Blogger Doug Greene said...

Hi,
I was wondering if I could get a link on your page. I put yours on mine. Thanks

--Doug
www.tomorrowsnewspaper.blogspot.com

9:35 AM  
Anonymous Reno said...

Do you think even after that many years the chart way back then will have an affect on trading now? If so then I guess that means more people look at charts than just trading only on fundamentals probably.

12:49 AM  
Blogger Simply Options Trader said...

Hey Doug, thanks! Will check out your site.

Hi Reno, yes I do think so. There is a story behind every chart and prices do have memory. When a stock is trading at 52 week high, look back at the 2 year chart or as far back as you need to see the next resistance or support level. That's what I do :)

1:20 AM  

Post a Comment

<< Home