Cisco stock analysis 26.11.2020

Cisco shares were able to breach the resistance level at 42.10 with the opening of the week's trading. As the week opened with a rising gap.

Trading continues above the moving averages, as the price moves away from it, therefore it is likely that we will witness a downward correction in the price in conjunction with the price reaching resistance.

The expected trading range is between 38.50 support and 42.13 resistance.

The expected trend for today: Neutral.