Cisco buoyed by upside trend line - Analysis - 01-08-2019

Cisco Systems' stock rose in the intraday levels after leaning on the main upward trend line in the medium term, while also leaning on the 50-day SMA support, as the RSI reached oversold levels with a surge in trading volumes. 

Therefore we expect more gains for the stock, as long as the support of 56.04 holds on, targeting the first resistance at 57.55. 

Expected trend for today: Bullish