Cisco Systems Wave Analysis – 17 January, 2020

• Cisco Systems broke resistance area
• Likely to rise to 50.00

Cisco Systems recently rose sharply through the resistance area lying between the resistance levels 48.20 (top of the previous wave A from December) and 48.75 (monthly high from November).

The breakout of this resistance area accelerated the active impulse wave C – which belongs to the medium-term ABC correction (B) from last month.

Cisco Systems is likely to rise further toward the next round resistance level 50.00 (former strong resistance from September).