CSCO to Fill Gap Below or Create Double Bottom
There is the potential for a double bottom here, but it is looking extremely prevarious for CSCO right now.
1) If it can't hold Support, a move to $21 is inevitable.
2) If it can hold that double bottom that could be forming, that does not equal a buy signal. Hold still, there's a lot of work to be done before CSCO can be considered a buy. For now only focus on the short setup.
Here's the technical analysis for CSCO: