Cisco share continues its upward movement, as the price tries to confirm the breach of the resistance level 45.25 and stability above it, and the continuation of the bullish move.
Trading continues above the 20-50 moving averages, as the price moves directly above the 7-20 averages and supports the price to achieve more gains, while the 50 average is still moving near the major support 41.13.
The stochastic oscillator has reached the overbought zone, which is a positive sign. However, his exit from this area to the downside and the inability of the price to settle above the resistance level will make us witness a corrective price decline.
The expected trading range is between 42.13 support and 48.30 resistance