06.12.2018
Cisco reached the historical peak of 49.12 on 10-30-2018 and reversed it from the correction to the 7 MA at 47.19 and the next support is 46.36, which is the convergence point of the 20-50 moving averages. Thus, the level of support is very strong.
The stochastic is giving a bearish cross and is trying to break out of the overbought area and if it does, it will push the price lower.
In general, there is no clear direction of movement, so we commit to neutrality.
Support and resistance:
Support as 47.98-46.36-44.86.
The general trend of the movement is neutral.
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