Cisco began to correct the upside move that was trading within it as the price reached 53.98, a historic level never before achieved.
In general, we are still within the ascending trend in which the stock is trading.
Positive momentum comes from moving averages that are still moving below the price in a bullish order of 7-20-50, respectively.
The Stochastic is starting to exit from the saturation area and this is reflected by seeing more correction in the price action
It should be noted that there may be a strong correction movement as a result of profit taking on the price, pushing the price down towards the support level 49.51
The general trend of the movement is bullish
