12.12.2019
Cisco stock is moving at 43.88 level near the lower bound of the descending channel within which the price is moving
As the price moves below the moving averages 7-20-50 and stability in movement below these averages is a key factor for the continuation of the downward movement.
Stochastic is on an upward trajectory thus increasing the strength of the support level 43.88 and pushing price ills to try to rise again.
The general direction of the movement: bearish.
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