Cisco climbs alongside upside trend line - Analysis - 17-10-2018

Cisco Systems' stock rose in the intraday levels while trading alongside the main upward short-term trend line, with positive signals from the RSI after reaching oversold levels as shown in the attached chart, amid attempts to shake off negative pressure from the 50-day SMA. 

Therefore we expect more gains for the stock, provided the resistance of 46.37 was breached, targeting the pivotal resistance of 49.47. 

Expected trend for today: Bullish