CISCO (CSCO) breaks strong resistance at 39.62

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Share prices manage to break above stiff resistance at 39.62 but face another hurdle at the top of the price channel in the 30 minutes price chart around 40.77.

The current critical support and resistance estimates on the price chart are based on my indicator which predicts future price movements based on price action.
Support - 40.05, 39.62, 38.91, 38.48, and 37.76
Resistance - 40.77, 41.48, 42.19, and 42.90

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