Cisco gathers positive momentum - Analysis - 06-12-2022

Cisco Systems' stock (CISCO) fell in the last session after the pivotal resistance of 50.00 held its ground, collecting recent profits and gathering momentum to pierce that resistance, amid the dominance of the upward correctional short-term wave, with positive support from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of 53.68, provided the resistance of 50.00 was breached. 

Expected trend for today: Bullish