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bigrediska

It is not the best time to open a short position.

Short
Cisco Systems, Inc. (NASDAQ:CSCO)  
bigrediska  
NASDAQ:CSCO   Cisco Systems, Inc.
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But it's also not the best time to close it. The indicator RSI is in a state of extreme oversold. So I would not expect a protracted decline. Those who already holds a short position, I would advise to focus on the area of strong resistance and lower bounds of current trends.

Related Ideas

bigrediska
Not to close the position before receiving the signal from MACD.
bigrediska
The movement will continue in the current trend.
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