Cisco leans on upside trend line - Analysis - 12-10-2018

Cisco Systems' stock skidded 3.31% in the last session, or 1.51 points, leaning thereafter on the upside medium-term trend line, while the RSI reached oversold levels, amid negative pressure from the 50-day SMA. 

Therefore we expect more losses for the stock, as long as the resistance of 46.37 holds on, targeting the support of 41.96. 

Expected trend for today: Bearish