Cisco Wave Analysis – 27 December, 2021

• Cisco broke key resistance levels

• Likely to rise to resistance level 65.00

Cisco continues to rise strongly after the earlier breakout of the two powerful resistance levels 58.00 (previous yearly high form 2019) and 60.00 (top of wave (5)).

The breakout of these resistance levels accelerated the active weekly impulse wave (5).

Given the strongly daily and weekly uptrends – Cisco can be expected to rise further toward the next resistance level 65.00.