05.12.2019
Cisco stock reached the target at 43.88, which is the minimum of the descending channel within which the price is moving
The price is moving below the moving averages 7-20-50 as stability in movement below these averages is a key factor for the continuation of the downward movement.
Stochastic of a descending path towards the oversold zone will increase the pressure on the price to try to breach the support and continue the downside.
The general direction of the movement: Bearish.
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