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Cisco Stock Analysis

22.08.2019

Market Review

Cisco shares opened the week on a bearish price gap, surpassing 51.25 support.

To return the price and rise again to the resistance 49.00

The moving averages move above the price and form resistance levels and try to prevent it from rising.

Stochastic exited the oversold area and this was reflected in the price movement upwards.

The general trend is to the downside.

Author: admin
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