Cisco readies to tackle current resistance - Analysis - 05-04-2021

Cisco Systems' stock (CISCO) returned higher with a 0.52% profit in the last session, amid positive support from the 50-day SMA, with the dominance of the main upward trend in the short term, countered by negative signals from the RSI, readying to tackle the resistance of 52.50.

Therefore we expect more gains for the stock, targeting the resistance of 56.55, provided the resistance of 52.50 was breached. 

Expected trend for today: Bullish