Cisco emits more positive signals - Analysis - 19-09-2023

Cisco Systems' stock (CSCO) rose in the intraday levels amid the dominance of the main upward trend in the medium term, while trading alongside the secondary trend line in the short term, with positive signals from the RSI after reaching oversold levels compared to the stock's movements, hinting at positive divergence.

Therefore we expect the stock to rise and target the resistance of 58.19, provided the support of 54.26 holds on.

Expected trend for today: Bullish