Cisco shares continue to move below the support level of 46.89 as it moves in a sideways path.
Trades below the 61.8% Fibonacci retracement which is a key factor to initiate a bearish move below SMA 50 7--20 and stability below these averages will be a key factor to confirm the bearish move.
Stochastic has emerged from the oversold area in an uptrend, so it is possible to see an attempt from the price to test the resistance level 49.89.
General direction of movement: Sideways.