Cisco started moving out of its up channel and started testing 55.53 support in a sideways trend below the 7-20 moving averages
While SMA 50 continues to support the positive price
Stochastic gives bullish cross signals within the oversold area so we can see a new high if it leaves this area.
Pay attention to the correction that is likely to occur as a result of profit taking.
Which is likely to have begun.
The general trend of the movement is bullish.