Good Afternoon Fools:
It seems to me Cisco Systems (CSCO) made a bottom in weekly charts. RSI & Macd are in the low band, so heavy oversold. trading volume is up last week, and made a bottom figure (last two candles) Harami candle pattern, this figure usually is drawn at the end of a downtrend.
That implies a nice drain of short positions in last weekly candle...
It could be a nice pivot point.
Dividend is near and fundamentals are great, so it could be a nice entry point to go Long.
Have a nice week-end Longs.