Cisco is moving sideways

08 April 2022 527
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Cisco has been traded in a range since the end of January: support has formed at about 53.75 and resistance - at the level of 56.95. Now the price has reached the support and formed a bullish engulfing pattern. We expect Cisco to grow to the upper boundary of the range.

This content is for informational purposes only and is not intended to be investing advice.

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