Cisco shares plunged to the bottom of 46.30, ending the sideways movement in which it has been moving in the past two weeks. The stock dropped above support at 50% Fibonacci retracement and next support at 61.8%.
This is under the negative impact of moving averages that move above the price and push it down.
The Stochastic is in a sideways path that tends to fall and attempts to enter the oversold area.
General direction of movement: Neutral