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Cisco shares forecast for July and August 2021

Cisco Systems, stock, Cisco shares forecast for July and August 2021

Cisco quotes continue to move within the correction and formation of the ”Wedge" reversal model. Moving averages indicate the presence of a short-term bullish trend for CSCO. Prices broke through the area between the signal lines down, which indicates pressure from sellers of securities. At the time of publication of the forecast, the price of Cisco shares is 53.28. As part of the forecast, we should expect an attempt to develop a price rise and a test of the resistance level near the area of 55.45. Then, a rebound and a continuation of the fall in the value of securities. The potential target of such a movement is the area below the level of 45.05.

An additional signal in favor of a drop in Cisco quotes will be a test of the resistance line on the relative strength indicator (RSI), as we can see, tests of this line have already indicated a drop in stocks several times. The second signal will be a rebound from the upper border of the ”Wedge" reversal model. The cancellation of the option of falling quotations of the Cisco company's share price will be a strong growth and a breakdown of the 58.35 level. This will indicate a breakdown of the resistance area and the continuation of the rise to the area at the level of 70.00. We should expect an acceleration in the fall of stocks with a breakdown of the support area and a close below the level of 51.00, which will indicate a breakdown of the lower limit of the bullish channel.

Cisco shares forecast for July and August 2021

Thus, the Cisco stock forecast for July and August 2021 suggests the development of a correction and a test of the resistance area near the level of 55.45. From where we should expect a rebound and an attempt to continue the pair's fall to the area below the level of 45.05. A trend line test on the relative strength indicator will be in favor of the fall of the currency pair. The cancellation of the CSCO reduction option will be a strong growth and a breakdown of the 58.35 level. This will indicate a breakdown of the resistance and the continuation of the rise in the value to the area above the level of 70.00. As you can see, the technical analysis of Cisco shares indicates the probability of a fall in the framework of testing the ”Wedge” model.

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Salesforce shares forecast for July and August 2021
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