27.08.2020
Cisco share continues moving around the support level of 42.14 after the bearish price gap that was previously formed. Where the stock fell very strongly and surpassed several support levels.
Trading stabilized below the moving averages, which supports expectations for a further decline in the upcoming sessions, provided that the stability is below the 50-20 averages, which form resistance levels.
The expected trading range is between 38.32 support and 445.20 resistance
The expected overall trend for today: Neutral
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