Cisco Systems Inc. is heading towards the resistance line of a Ascending Triangle. If this movement continues, we expect the price of Cisco Systems Inc. to test 56.83 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Cisco Systems Inc. is quickly approaching the resistance line of a Ascending Triangle. We expect either a breakout through this line or a rebound.
