22.10.2020
Cisco share continues its sideways movement around the support level of 38.50, as it closed yesterday's trading above this level, correcting the bearish path.
The trades stabilized below the MA 50, which is pressuring the price for a further decline, which supports expectations for a further decline in the upcoming sessions, provided that it is stable below the 7-20 averages, which form support levels for the price.
The expected trading range is between 37.50 support and 42.20 resistance
The expected general trend for today: Bearish
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