CSCO Analysis 20.11.2018

Cisco shares are trading sideways between the 42.47 support level and the 48.42 resistance level and the SMA 50 is pushing the price and pushing it down.

We note a lack of correlation between the indicators where the moving averages give negative signals while the Stochastic indicator gives a bullish cross signal

The intraday path is bearish towards support 43.77 provided stability below 50

Support and resistance:

Support: 45.20-43.66-42.50

Resistance: 46.60-47.22-48.42