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Cisco Systems Inc., Technical Analysis

11/9/2022 10:29 AM

The shares of Cisco Systems Inc., an American manufacturer and network equipment supplier for large holdings and telecommunications companies, are trading at 44.50.

On the daily chart, the price is holding within the downward channel with dynamic boundaries 45.00–30.00, reaching the resistance line at 45.00 last week.

On the four-hour chart, it is clear that the potential for upward dynamics is still quite high, and quotes may soon break the Fibonacci 61.8% full correction level at 45.60, which will mean continued corrective growth.

Technical indicators keep a stable buy signal: the range of fluctuations of the EMA on the Alligator indicator is actively expanding in the direction of growth, and the histogram of the AO oscillator is forming downward bars high in the buying zone



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