Cisco confirms breach of pivotal resistance - Analysis - 22-12-2021

Economies.com
2021-12-22 11:19AM UTC

Cisco's stock (CISCO) rose 1.11% in the last session, piercing the pivotal resistance of 60.25, and settling at 61.03, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, countered by negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the first resistance of 62.70, provided it settles above 60.25. 

 

Expected trend for today: Bullish

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