Cisco Systems may fall to 43.10 - 43.90

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 48.6 and 49.3.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 47.448 and 48.2022).

Supports and resistances

49.3 **

48.6 *

47.4 **

46.9

46.12 (USD-last)

44.6

43.9 **

43.1 *

42.5 **

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