CSCO - bearish retest likelyhi traders
Let's have a look at CSCO on the weekly time frame.
CSCO look bearish but a short-term bounce and the bearish retest is pretty likely now.
If we get a bounce towards the previous upsloping support which should be acting as a resistance now, it may be a great opportunity to enter short position.
Target for shorts: 46.35
Do you agree?