Cisco $CSCO has been consolidating but retains a bullish bias and could be in a bullish continuation breakout.CSCO Daily Chart(click to enlarge)Bullish Signs:- While CSCO has been trading in a sideways consolidation mode since March, we should note that it also maintained a bullish bias.- I was anticipating more of a sideways consolidation, where price would reach back into the $40-$41 area before finding support.- However, price held above the 200-day simple moving average (SMA), which made it miss the falling channel support as well. These were signs that bulls were in charge.- Then we saw a bullish breakout from the falling channel, followed by a few days of indecision. During these days, price dipped back a little but found support at $43 before surging up on the back of its latest earnings, which beat expectations across the board.- A week later, price is approaching the channel resistance we see on the daily chart.- But, I think we should have confidence for the bullish outlook. - The candlesticks from Thursday/Friday last week tells me bulls are in charge.- I think the market will keep CSCO above $45 .- If it doesn't, the next key level will be $43. A break below that would wipe out my bullish outlook.- But for now, I am still confident that CSCO will push above $46.55 and head towards the $50 mark this year, especially if price holds above $45 this week.