Cisco stock analysis

04.03.2021

Technical reviews

 

Cisco's share continues its sideways movement, which it was moving within near the level of 45.20, as trading stabilized near this level during the past two weeks.

The price is trading below the moving averages 20-7-50 that form resistance to the price near the main resistance 45.90 and pressures it to continue the sideways movement and prevents it from rising.

The stochastic oscillator is giving a signal for a sideways movement, so we suggest neutrality in trading this stock.

The expected trading range is between 42.13 support and 48.30 resistance

The expected trend for today: sideways

Author: GC
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