Cisco Systems may fall to 41.30 - 42.20

Our pivot point is at 47.

Our preference

The downside prevails as long as 47 is resistance.

Alternative scenario

Above 47, look for 48.6 and 49.6.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 46.5565 and 46.6276).

Supports and resistances

49.6 **

48.6 *

47 **

46.4

45.44 (USD-last)

43.1

42.2 **

41.3 *

40.3 **

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