08.08.2019
Cisco shares continue to decline after it managed to breach the support of 54.00 to complete the downtrend and reach the next support 51.28.
The moving averages move above the price and form resistance levels and pressure it
To drop.
Stochastic is in an oversold area so we are likely to see some correction on the price and rise towards resistance levels and test 54.00-57.00 levels.
The general trend is to the downside.
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