Cisco shares tested the resistance level at 58.20 at the beginning of this week's trading and could not break it back to 57.16
Where the moving averages move below the price and form support levels for the price and press it to rise.
Stochastic in a bearish path after it came out of the overbought area so we are likely to see some correction on the price and the downside and test support levels 54.00-51.28
The general trend of the movement is bullish