29.11.2018
Csco rallied yesterday, surpassing resistance levels and breaching the SMA50.
The stock rose 0.87%. as it opened at 46.34 and hit a high of 47.48.
Where he reached the Fibonacci level of 61.8 and rebounded.
The moving averages are trading in a bullish sign .and this movement is confirmed by the stochastic indicator which is moving towards the overbought area.
Support and resistance:
Support: 46.23-45.90-455
Resistance: 46.60-47.27-48.43
The general path is moving towards target 48.43.
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