Cisco Stock Analysis

Cisco shares continue to fluctuate around support 47.00 after failing to breach the resistance 49.16 to bounce back to support 46.19 after opening trading last week on a falling price gap, surpassing support 51.25

The MAs 20-50 move above the price and form resistance levels and try to prevent it from rising

Stochastic is moving near the oversold area in a sideways path that tends to rise and this will be reflected in the price action as it is possible to witness a new rise in the price and test the resistance level near the moving average 20.

The general trend is to the downside.