Cisco Systems ST: the upside prevails as long as 56.2 is support

56.2 is our pivot point.

Our preference: the upside prevails as long as 56.2 is support.

Alternative scenario: the downside breakout of 56.2 would call for 52.1 and 49.7.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 57.2635 and 59.3352).

Supports and resistances:

72.6 **

70.2 *

67.7 **

65.2

59.71 (USD-last)

57.8

56.2 **