Cisco gathers positive momentum - Analysis - 09-12-2021

Cisco's stock fell 1.83% in the last session while gathering positive momentum to recover anew, as it vented off overbought saturation in the RSI, settling thereafter at 57.02, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the pivotal resistance of 60.25, provided the support of 55.30 holds on.

Expected trend for today: Bullish