20.11.2018
Cisco shares are trading sideways between the 42.47 support level and the 48.42 resistance level and the SMA 50 is pushing the price and pushing it down.
We note a lack of correlation between the indicators where the moving averages give negative signals while the Stochastic indicator gives a bullish cross signal
The intraday path is bearish towards support 43.77 provided stability below 50
Support and resistance:
Support: 45.20-43.66-42.50
Resistance: 46.60-47.22-48.42
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