02.06.2015 - Shares of Cisco probably will continue to rise inside the rising channel

Cisco's stock price tries to resume the upward movement after adjusted downwards. Currently quotes continue to move inside the rising channel and fixing the price above the level of 30.00 will be the basis for the continuation of the upward movement and a buy signal with the objectives at 32.60 and 34.00. On the other hand, a breaking through the lower boundary of the descending channel and consolidation below the local minimum at 27.00 will be a signal for opening short positions with the targets at 26.00, 24.50 and 22.00. We expect continued growth of the company's shares in the medium term.

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