Cisco Systems Wave Analysis – 17 January, 2020
January 17, 2020 @ 15:46 +03:00
- 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).