Cisco shares continue to rise for the third week in a row, supported by the 50th moving average which is moving below the price. While moving average 7 is approaching SMA 50 and is ready to cross with it to increase the positive pressure on the price
Stochastic is moving within the overbought area and therefore the bullish movement is likely to continue and the resistance level is tested at 46.60. Attention to any attempt to break out of this area will be reflected on the price and we may see some correction towards the medium level.
The trading range between the support is 42.97 and the resistance is 46.60
Support and resistance:
Support: 42.97-41.17
Resistance: 46.60-49.12
The overall traffic of the movement is rising