Cisco Is Holding Multi-Decade Support: Chart Analysis

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Cisco Systems has gone nowhere for three years, but now the tech stock may be showing signs of life.

First, notice the pullback from new highs in early February.

Second, notice where CSCO broke out and is trying to stabilize. The current $45.50 level was resistance in December in January. Prices also chopped on either side of it between August 2019 and February 2020.

For more, please click here to view the related idea and chart analysis on TradingView.

Cisco Systems (CSCO), daily chart, with select indicators, courtesy of TradingView.
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