Cisco stalls - Analysis - 29-06-2020

2020-06-29 13:49:34 GMT (Economies.com)
 

Cisco Systems' stock fell on profit-taking while gathering momentum to help it rise anew, amid positive pressure from the 50-day SMA, with the dominance of the upward short-term trend, coupled with positive signals from the RSI. 

 

Therefore we expect the stock to rise and target the pivotal resistance of 50.26, provided the support of 43.54 holds on. 

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2122
0.0125
1.0457%
1.3437
0.0067
0.4989%
Tadawul
8674.97
-16.53
0.19%
24.195
1.948
8.756%
46.130
0.800
1.765%
49.09
0.38
0.78%
1837.765
61.585
3.467%
 
 
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