25th Jan 2011 – Pattern Study - CSCO

Ticker:

 

1. CSCO

 

Topic:

 

1. What a Choppy Networking company!!!

 

Lesson Learnt:

 

1. This counter has clearly shown the importance of using weekly chart when come to trading.
2. The daily chart is so choppy that it is almost impossible to time the entry and exit. However, the weekly chart clearly shows you where the long and short position could well be.
3. Anyway, it is still pretty hard to trade because if you did not get out from the long position on time, you are not just going to give away all your profit but instead turning in red.

 

Intraday Chart

-NA-

Historical Chart