Cisco collects profits - Analysis - 07-12-2022

Economies.com
2022-12-07 13:16PM UTC

Cisco Systems' stock (CSCO) fell in the intraday levels after the pivotal resistance of 50.00 held its ground, while collecting recent profits, as it also vented off overbought saturation in the RSI, amid negative signals out of them, while also buoyed by piercing the downward trend line recently, with positive support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 53.68, provided the resistance of 50.00 was breached. 

 

Expected trend for today: Bullish

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