Cisco share continues to move below the support level of 38.50, where it closed last week's trading below this level, in continuation of its bearish path.
The trades stabilized below the MA 50, which is pressuring the price for a further decline, which supports expectations for further decline in the upcoming sessions, and this confirms the stability below the 7-20 averages.
The expected trading range is between 32.50 support and 38.50 resistance.
The expected general trend for today: Bearish.