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bigrediska

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

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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.

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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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