30.01.2020
Cisco stock fell below the 49.05 support level and continued to decline to the next support level 49.89 as the movement stabilized at this level near the 61.8% Fibonacci retracement.
The stock is currently moving below the moving averages 7-20, which have become resistances against the price, while the EMA50 remains a support level for it.
The stochastic oscillator has gone out of the overbought zone on a downside path, and approached the oversold zone thus negatively affecting the price, pushing it down and breaching the first support.
The general direction of movement: neutral.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
