Cisco Systems ST : the downside prevails as long as 59.84 is resistance
The configuration is negative.
Our pivot point is at 59.84.
Our preference: the downside prevails as long as 59.84 is resistance
Alternative scenario: above 59.84, look for 61.65 and 62.72.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 59.62 and 61.56).
Supports and resistances:
62.72 **
61.65 *
59.84 **
59.14
58.13 USD - last
50.74
49.77 **
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