Cisco Systems may fall to 41.80 - 42.60

Our pivot point stands at 46.8.

Our preference

The downside prevails as long as 46.8 is resistance.

Alternative scenario

The upside breakout of 46.8 would call for 48.1 and 49.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 46.4135 and 47.4568).

Supports and resistances

49 **

48.1 *

46.8 **

46.3

45.68 (USD-last)

43.4

42.6 **

41.8 *

41 **

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