Cisco Analysis 14.03.2019

Cisco is continuing its upward trend as it managed to breach the top at 51.95 after testing support at 50.60. The price continues to achieve new highs it has never achieved before.

Positive momentum comes from moving averages that are still moving below the price in a bullish order of 7-20-50, respectively.

Stochastic is entering the overbought area so we can see some correction in price action

It should be noted that there may be a strong correction movement as a result of profit taking on the price, pushing the price down towards the support level 49.51

The general trend of the movement is bullish