Cisco surrounded with negative signals - Analysis - 13-09-2019

Economies.com
2019-09-13 13:46PM UTC

Cisco Systems' stock rose above 49.21, representing 50% of Fibonacci retracement levels while still suffering pressure from the 50-day SMA, as the RSI reached overbought levels. 

 

Therefore we expect the stock to decline and target the next support at 47.07. 

 

Expected trend for today: Bearish 

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