Cisco clings to upside trend - Analysis - 16-07-2021

Cisco's stock declined 0.81% in the last session while gathering momentum to help it rise anew, as it also vents off overbought saturation in the RSI with negative signals out of them, leaning thereafter on the support of the upside short-term trend line, while also leaning on the support of the 50-day SMA.

Therefore we expect the stock to return higher, targeting the pivotal resistance of 55.30, provided the support of 52.85 holds on.

Expected trend for today: Bullish