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Cisco stock analysis 19.11.2020

Cisco share managed to reach the resistance level 42.10 with the opening of the week's trading. As the week opened with a rising gap.

Trading has become above the moving averages as the price moves away from it, therefore it is likely that we will witness a downward correction in the price in conjunction with the price reaching resistance.

The expected trading range is between 38.50 support and 42.13 resistance.

The expected overall trend for today: Neutral.

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