A week ago, we noted that Cisco Systems $CSCO was threatening a bullish breakout.Cisco Systems (CSCO) Ready for a Bullish Continuation BreakoutThe breakout materialized and I think we are going to see a sharp move to $60 with the $56-$57 area becoming potential support.CSCO Daily Chart(click to enlarge)Bullish Breakout:- As we can see on the daily chart, price was making higher highs during the consolidation period.- Furthermore, the prevailing trend was already bullish.- The $56-$57 area represents the resistance area of the consolidation. This area could turn into support in a bullish continuation scenario.- Cisco has been having a resurgence after many years of consolidation. - I think the breakout that started in 2016-2017 has upside back towards the all-time-high just under $80. - I can see at least a push to the $70 area. But first we might see some consolidation right around $60.CSCO Monthly Chart(click to enlarge)