Stocks

Cisco Systems may fall to 42.40 - 43.30

2024-06-09

47.4 is our pivot point.

Our preference

The downside prevails as long as 47.4 is resistance.

Alternative scenario

Above 47.4, look for 48.8 and 49.7.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 47.1765 and 47.8112).

Supports and resistances

49.7 **

48.8 *

47.4 **

46.8

45.84 (USD-last)

44.1

43.3 **

42.4 *

41.6 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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