Cisco Stock Analysis 23.07.2020

We have no new activity on the Cisco stock movement, as the stock continues to provide noticeable positive trading to settle in trading around the moving average 20, which supports expectations of achieving more gains during the upcoming sessions, provided the stability is above the average 20, which constitutes a level of support for the price pending the direction towards 48.31, which represents our next goal .

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 stock can be bought above average 20 at value 46.60 and targets 48.30-50.56 and stop loss below 45.25 level.

The expected trading range is between 42.30 support and 48.30 resistance

Expected trend for today: bullish