Cisco extends gains - Analysis - 12-03-2021

Cisco's stock rallied 1.06% in the last session, steadying at 48.80 and holding its ground above the pivotal resistance of 48.25, amid the dominance of the main upward trend in the short term, with positive support from the 50-day SMA, as the RSI reached overbought levels.

Therefore we expect more gains for the stock, targeting the resistance of 52.50, provided it holds above 48.25. 

Expected trend for today: Bullish