Cisco stock analysis 16.07.2020

We do not have anything new on Cisco stock movement, as the stock continues to provide noticeable positive trades to settle in trading around the moving average 20, which supports expectations of achieving more gains during the upcoming sessions, provided the stability above the average 20, which constitutes a level of support for the price pending the trend towards 48.31 which represents our goal next one.

Thus, we will continue to favor the bullish trend over the short and intraday basis, and if the price manages to resist 48.31, the positive pressure on the price will increase to reach the level of 50.56.

The expected trading range is between 42.30 support and 48.30 resistance.

Expected trend for today: bullish.