• Cisco Systems reversed from long-term resistance level 50.00
• Likely to fall to support level 47.40
Cisco Systems under bearish pressure after the price reversed down from the long-term resistance level 50.00 (which has been reversing the price from the end for 2019) – standing close to the upper weekly Bollinger Band.
The downward reversal from the resistance level 50.00 stopped the previous medium-term impulse wave (3).
Given the strength of the resistance level 50.00 , clear bearish divergence on the weekly Stochastic indicator – Cisco Systems is likely to fall further toward the next support level 47.40.
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies