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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