CSCO Stock Analysis 27.12.2018

Csco shares continue to fall under the influence of the double-top reversal pattern and the breach of the previous bottom at 41.17

The stock is affected by the negative results of the US indices, especially the technology sector indices

The moving averages are pressuring the pair to move lower as the price is moving back at the moving average 7. The average 20 moves with the 50 average at the same level and is a strong resistance to the price.

Stochastic in the oversold area and waiting for an exit from it and if this is possible we can see a larger rebound in price