Cisco exposed to negative pressure - Analysis - 29-11-2021

Cisco's stock declined 1.57% in the last session after touching the resistance of the 50-day SMA, exposing it to negative pressure, amid the dominance of the downward correctional trend in the short term, while hurt by piercing the main upward trend line recently. 

Therefore we expect more losses for the stock, targeting the support of 50.40, provided the resistance of 55.75 holds on.

Expected trend for today: Bearish