Cisco tries to hold above its highest level recorded this month- analysis - 27-05-2016

Economies.com
2016-05-27 13:38PM UTC

Cisco shares ended yesterday trades on Thursday slightly lower about   (0.02-) point or (-0.07 %), as the price opened trades previously with a bullish gab that pushed it to pass both SMA 50 & 100 in addition to trading above 27.50 level, comes after the price was able to breach the sideways channels bottom line to achieve the expected target at 26.20 support level.

 

 

The price is trying to hold above 28.65 level as the highest recorded level for the current month, which will push the price to try to pass 29.40 resistance to target 30.50 level.

 

 

Its recommended to get out the bullish positions around the current levels and wait for new signals.

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