Cisco Stock Analysis 05.03.2020

Cisco is correcting the bearish path, as the stock approached the support level of 37.67 and bounced back up above the resistance level of 39.96 and settled above it.

The stock continues to move below the moving averages that move above the price and form resistance levels and press it to decrease.

The stochastic oscillator is on an upward path after exiting the oversold zone, thus it presses the price to rise and try to test resistance 43.11 and pushes it to try to breach the moving average 7

The general direction of the movement: bearish.