Cisco seeks a bottom to bolster it - Analysis - 15-09-2021

Cisco's stock fell 0.40% in the last session while seeking a bottom to bounce it higher anew in order to recoup losses, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels. 

Therefore we expect the stock to return higher, targeting the resistance of 60.25 anew, provided the support of 56.60 holds on.

Expected trend for today: Bullish