Cisco tries to gather momentum - Analysis - 28-01-2020

Cisco's stock declined in the intraday levels amid negative signals from the RSI while gathering momentum to help it recover anew, amid the dominance of the upward short-term trend, with support from the 50-day SMA, marking a 2.82% loss. 

Therefore we expect the stock to return higher, targeting the resistance of 150.30. 

Expected trend for today: Bullish