Cisco Systems Bear Flag

Looks like a solid bear flag from which we will probably see a breakout this week. If the 45ish breaks (green support zone) the chances become much bigger that the target around 42 gets reached. Price needs to stay below the red zone for the bear flag to remain valid.

Comment:

After some tests of the former support of that bear flag, it is getting closer towards the target in the low 42's. It should stay below the 44/44.5 now