19.05.2016 - The price fall of Cisco may continue after consolidation

Stock price of Cisco is consolidated within the range 26,00-27,00. In case of continued negative dynamics and fixing of price below the level of 26.00, the closest target levels will be 24.70 and 22.50. On the other hand, breaking through the resistance at 27.00 will be the reason for further price increase to 28.65 and 29.50. We expect a continuation of the negative price dynamics in the near future and in the case of opening short positions, the stop should be set above the level of 27.00.

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