Cisco dips in volatile session - Analysis - 25-05-2018

Cisco Systems' stock (CSCO) fell in the intraday levels, registering a loss of 0.25% in the last session, or 0.11 points, and ending a session marked with volatility, after the support of 42.98 held its ground, amid the dominance of the upward short-term trend, with positive signals from the Relative Strength Index after reaching extremely oversold levels, hinting at a positive divergence forming in the Stochastic indicator as shown below the attached chart. 

Therefore we expect the stock to return higher, as long as the support of 42.98 holds on, targeting the pivotal resistance of 46.16.