Cisco was able to breach the support level of 46.89 as it opened the week on a falling price gap.
Trading below the 61.8% Fibonacci retracement which is a key factor to start a bearish move below the moving averages 50 7--20 and stability below these averages will be a key factor to confirm the bearish move.
Stochastic has exited the oversold area in an attempt to start an uptrend thus pushing the price higher.
The general direction of the movement: Bearish.