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CSCO Analysis 13.12.2018

13.12.2018

Market Review

Cisco Stock managed to bounce back from the support level of 46.30 to continue the long-term uptrend towards the top 49.12. Supported by the moving averages that support the price at 46.36

The Stochastic is giving a bullish cross over the oversold area, indicating a continuation of the bullish path

Support and resistance:

Support: 46.36-44.86

Resistance: 47.98-49.12

The trading range between support is 46.36 and resistance is 49.12

Author: admin
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