Cisco exposed to negative pressure - Analysis - 23-02-2021

2021-02-23 12:07:09 GMT (Economies.com)
 

Cisco Systems' stock (CISCO) fell 0.55% in the last session while hurt by piercing the upside short-term trend line, trespassing the support of the 50-day SMA and doubling the pressure on the stock. 

 

Therefore we expect more losses for the stock, targeting the first support at 43.65, provided it holds below 45.56. 

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2162
0.0017
0.1412%
1.4138
0.0102
0.7256%
Tadawul
9115.76
-51.05
0.56%
28.042
0.587
2.136%
63.495
3.106
5.143%
67.04
1.94
2.98%
1799.710
1.765
0.098%
 
 
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