Shares of Cisco Systems Inc., an American manufacturer and supplier of network equipment for large holdings and telecommunications companies, are correcting at 53.00.

On the daily chart, the price rises to the resistance line of the global ascending channel with dynamic boundaries 47.50–55.00.

On the four-hour chart, the growth potential is confirmed by the recent consolidation of quotes above the local high of 52.00, and the key “bullish” level is the resistance level of the global channel at 56.00. The formation of a local ascending corridor with a resistance line around 55.00 also signals the development of positive dynamics.

Technical indicators keep a stable buy signal: fast EMAs on the Alligator indicator are significantly above the signal line, and the AO histogram is forming rising bars, rising in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 54.00 with the target at 56.50. Stop loss — 53.00. Implementation period: 7 days or more.

Short positions may be opened after a reversal, reduction, and consolidation of the price below 52.30 with the target at 50.00. Stop loss – 53.50.