Cisco driven lower by current resistance - Analysis - 17-01-2019

Cisco Systems' stock inched 0.14% lower in the last session, or 0.06 points, after the resistance of 43.92 held on, amid the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA, and as the RSI reached overbought levels. 

Therefore we expect more losses for the stock, targeting the support of 40.19, as long as the resistance of 43.92 holds on. 

Expected trend for today: Bearish