CSCO - bearish retest likely

hi traders

Let's have a look at CSCO on the weekly time frame.


CSCO look bearish but a short-term bounce and the bearish retest is pretty likely now.

If we get a bounce towards the previous upsloping support which should be acting as a resistance now, it may be a great opportunity to enter short position.

Target for shorts: 46.35

Do you agree?