Cisco system looking at a final sub 5-wave impulse structure

CSCO has complete its larger 3-wave structure (ABC) after a strong rebound at 123.6% Fib expansion of wave A-B. In this structure, it shows a possible end to a corrective larger 4th wave and currently, we are on the 5th wave. From breaking out of the falling wedge/flag formation and staying above 62.00, the stock remain strong on the upside.

Momentum indicator suggest strong bullish momentum and as such, we are aiming US$70.16 for the mid-term for CISCO.