Cisco Stock Price Technical Analysis for short term as market near to top profit booking may happen in Cisco stock price. To Buy Hold Or Sell Cisco or what to do.
About Cisco Company:
Cisco systems inc, is on american multinational technology conglomerate headquartered in San Jose, California,in the centre of silicon valley . It develops ,manufactures and sells Networking hardware ,Telecommunications equipment’s and other high tech products and services.
Cisco Technical Analysis:
Cisco had a highly bearish pattern That is Island reversal Pattern . So the stock must go below the crucial support level of 30.37 in very short term . Current counter trend also resisted around the 50 % Fibonacci level of 32.47. So one must have cautious view on Cisco and sell Immediately.