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

Netgear Inc. (NTGR) : Bullish Breakthrough

Netgear has a bullish breakthrough yesterday. From the chart, we can see that there seems to be a cup-and-handle formation with successful breakout. Using Ichimoku, we can clearly see how 19.47 was resisted around 3 times. And when the price level breaks through that level, we can see that the Chikou Span (identified by the… Continue reading Netgear Inc. (NTGR) : Bullish Breakthrough