Momentum is building with this Ascending Triangle. See the live chart action.
Bullish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Technical analysis of Cisco (CSCO) reveals a significant setup. The stock is trading at $79.02, up 1.4% on the day. Our AI has detected a valid Ascending Triangle pattern. This setup is supported by average volume turnover. A potential breakout level is identified at $82.66, targeting $90.53 with support near $75.9 (R:R 1.16).
What is your outlook on CSCO?