Categories
Tech

Cisco ($CSCO): Continue to trend down with GAPS

Cisco ($CSCO)  continues to trend down with gaps in between.

Since my last post in May, CSCO has fail to hold on and has go lower towards the $15 range.

News is out now that CSCO will cut as many as up to 10,000.

CSCO job cuts highlight the possibility of slow growth ahead due to economic activities and its internal innovation/transformation.

I believe, CSCO will hit $12.50 by Q1, 2012 (or maybe even earlier).

 

Categories
Tech

Netgear Inc. (NTGR) : Kumo support and Cisco’s problems

Netgear fell about 9% during the first half of the day due to Cisco’s revenue call that their home networking unit (Linksys) was down 8% for period ending May 1.

My bet is Netgear (NTGR) will not suffer from this revenue drop and could even be eating into Cisco’s share.

From the Ichimoku chart, it is supported right at the kumo level during the first half and started to move up during the second-half of the day.

Note:

Barrons has an update. Atheros (ATHR) has updated and do not see any weakeness in their business moving forward this year.

Categories
Tech

Cisco (CSCO) : Taking a bearish view

Generally, when I have a bullish Tenkan sen Kijun sen cross, I would have follow my chart and trade accordingly.

However, CSCO chart is showing 2 possible trends at the same time.