Cisco Stock Analysis 14.11.2019

Cisco shares continue to move within a sideways path that tends to rise after the support level of 46.89 against the price action. The price managed to stabilize above SMA 50.

Stability is above 61.8% Fibonacci retracement which is a key factor to start the bullish path and with the price able to breach the moving averages 50-20 and stability above these averages will be a key factor to start the bullish move.

Stochastic is exiting the overbought area on a downside path which will increase the resistance and push the price down.

General direction of movement: Sideways.