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Cisco rising channel

Updated: 19 Jul 2021

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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