Cisco collects profits - Analysis - 10-08-2018

Economies.com
2018-08-10 13:30PM UTC

Cisco Sysyems' stock inched down 0.14% in the last session, or 0.06 points, while still buoyed by a pattern that formed in the short term, the Symmetrical Triangle pattern, with positive support from the 50-day SMA, as traders collected some short-term profits, while the stock vented off overbought saturation in the RSI, gathering momentum to help it climb anew. 

 

Therefore we expect the stock to return higher, as long as the support of 42.98 holds on, targeting the pivotal resistance of 46.37. 

Stocks Technical Analysis

United States Analysis

Stocks

CVS price climbs cautiously - Forecast today - 28-03-2024
2024-03-28 11:18AM UTC
CVS Health Corporation Stock Analysis CVS Health Corporation’s stock price edged up in the ...
United States Analysis

Stocks

eBay price starts recovering - Forecast today - 28-03-2024
2024-03-28 11:17AM UTC
eBay Stock Analysis eBay’s stock price rose in the intraday levels amid the dominance of the ...
United States Analysis

Stocks

Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
2024-03-28 11:17AM UTC
Taiwan Semiconductor Stock Analysis Taiwan Semiconductor’s stock price (TSM) fell in the ...