CSCO Correction Target

Cisco (CSCO) Stock Analysis

As shown on the chart, Cisco is trading near the upper boundary of its 9-month channel. After forming two strong divergences on the 4H chart (Chart A) and the daily chart (Chart B)—confirmed by both MACD and RSI—the stock has entered a corrective phase.

Given the presence of a very strong gap marked on the chart, price is likely to correct at least toward the gap zone, and potentially extend further to the support zone, which may also align with the lower boundary of the 9-month channel.

Analysis will be updated.


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CSCO