CSCO is looking at a potential rebound after a strong rebound was seen at 44.94 support. Despite rejection at 47.64-48.50, the stock is still poised for further upside. Mid-term stochastic is likely to confirmed its oversold crossover. Volume spike recently and larger falling wedge is in place as a potential reversal to the upside. Buy spot at 47.29 or buy on retracement at 45.88. 1st target is at 51.56 and ultimate target is at 58.00.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.