10.01.2019
Csco was unable to breach the 43.69 resistance level as the MA 20 formed pressure on the price and prevented it from rising. A 50 SMA above the price is an additional negative pressure on the movement of the stock, therefore we may see further declines for the third session in a row.
Stochastic in the overbought area is moving sideways and any exit from this area will lead to a further decline in the share
The trading range between support 42.28 and resistance 45.12
Support and resistance:
Support: 42.28-40.00
Resistance 43.70-45.12
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
