Cisco driven lower by current resistance - Analysis - 19-10-2018

Cisco Systems' stock fell 1.04% in the last session, or 0.48 points, after the important resistance of 46.37, while gathering momentum to help it rise anew, amid the dominance of the main upward trend in the medium and short terms, with positive signals from the RSI after reaching oversold levels. 

Therefore we expect the stock to return higher, provided the resistance of 46.37 was breached, targeting the next pivotal one at 49.47. 

Expected trend for today: Likely Bullish