Cisco tries to recoup some losses - Analysis - 11-10-2021

Cisco's stock advanced 0.11% in the last session amid positive signals from the RSI, in an attempt to recoup some recent losses, while hurt by piercing the main upward trend line recently, amid the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of 52.90 anew, provided the resistance of 56.55 holds on.

Expected trend for today: Bearish