Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.
Cisco has been in a rising channel since the end of 2020 and is a great play at current prices for a move to the top of the channel
Price is currently at the lower end of the channel and has been ranging for the last week or so
Price is just above 50 day moving average which has acted as support
Stochastic RSI has moved back from oversold territory
We're looking fro a move to the top of the channel at around $57
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