Cisco shares fell over the past two weeks after failing to break through 58.20 resistance to bounce back and break above 57.16 support and approaching support at 54.00
The moving averages are moving above the price and are forming resistance levels and pressure on it to decline.
Stochastic in the oversold area is therefore likely to see some correction on the price and resistance towards resistance levels and 55.93-57.00 levels.
The general trend of the movement is neutral.