Home About the company Daily reviews Cisco Stock Analysis 02.05.2019

Cisco Stock Analysis 02.05.2019

02.05.2019

Market Review

Cisco started moving out of its up channel and started testing 55.53 support in a sideways trend below the 7-20 moving averages

While SMA 50 continues to support the positive price

Stochastic gives bullish cross signals within the oversold area so we can see a new high if it leaves this area.

Pay attention to the correction that is likely to occur as a result of profit taking.

Which is likely to have begun.

The general trend of the movement is bullish.

Author: admin
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