CISCO Technical analysis

• CSCO Weekly chart shows a possible support line from which a bounce can be expected.
• But a reversal candle is yet to be seen so some more pain can be expected for the bulls.
• If stock continue to break weekly lows we may see the stock dip to the support line in the coming weeks which can take it to $17.50 levels.
• Daily chart shows price trending down below all major moving averages(200 , 50 and 20)
• Price has to close above 20 day moving average for a reversal to be seen.
• SPY Weekend update SPY WEEKEND UPDATE