Cisco sharpens decline - Analysis - 05-12-2019

Cisco Systems' stock kept falling with a fresh 0.88% loss, while trading alongside the downward correctional medium-term trend line, with negative signals from the RSI, coupled with pressure from the 50-day SMA. 

Therefore we expect more losses for the stock, targeting the first support at 42.90. 

Expected trend for today: Bearish