03.10.2019
Cisco shares plunged to the bottom of 46.30, ending the sideways movement in which it has been moving in the past two weeks. The stock dropped above support at 50% Fibonacci retracement and next support at 61.8%.
This is under the negative impact of moving averages that move above the price and push it down.
The Stochastic is in a sideways path that tends to fall and attempts to enter the oversold area.
General direction of movement: Neutral
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