CSCO Analysis 31.01.2019

Cisco shares continue to rise for the fourth week in a row supported by the moving average 7 which is moving below the price and stability and stability on the upside. While moving average 20 is approaching SMA 50 and is ready to cross with it to increase the positive pressure on the price

The price is trading near the resistance level of 46.60 and therefore it is possible to try some difficulties to break it especially as the Stochastic is out of the saturation area of ​​the purchase and therefore likely to be some correction towards the level of the SMA 50 near support 44.57

The trading range between the support is 42.97 and the resistance is 46.60

Support and resistance:

Support: 42.97-41.17

Resistance: 46.60-49.12

The general trend of the movement is bullish