Thursday, February 3, 2011

CSCO- LOOKING BULLISH


I don't normally count waves for individual stocks but the wave count just stood out at me along with the technical patterns and it looks pretty bullish, at least for the 25-27 targets along with a possible move to 35.

Earnings announcement is next week.

1. A bull flag pattern - target $35
2. Iinverted head and shoulders pattern - target $35
3. weekly macd trendline break
4. weekly macd signal line cross
5. weekly zero line cross imminent
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