17.01.2019
Cisco shares continue to rise for the third week in a row supported by the moving average 7 which is moving below the price. While the SMA 50 above the price level is resistance.
The stochastic is giving positive cross signals and is preparing to enter the overbought area and therefore the bullish movement is likely to continue and test the resistance around 44.57 near SMA 50
The range of support between 42.42 and resistance is 45.67
Support and Resistance:
Support: 42.42-39.95
Resistance: 44.57-45.56-46.62
The general trend of the movement is bullish
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