Cisco rises in ascending price channel - Analysis - 22-06-2021

Economies.com
2021-06-22 10:51AM UTC

Cisco Systems' stock rose 2.13% in the last session after leaning on the support of the ascending price channel that guided recent short-term trading, as the RSI reached oversold levels compared to the stock's movements, hinting at positive divergence. 

 

Therefore we expect more gains for the stock, targeting the important resistance of 55.30, provided it holds above 52.85. 

 

Expected trend for today: Bullish 

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