As Cisco Systems $CSCO consolidates, I have been picking up shares first around $54 and then now around $52. I think this area above $49 will be key support for the bullish scenario.CSCO Daily Chart(click to enlarge) Key Support:- Cisco Systems has been consolidating since price came up to $57.50. - There was a brief break to $58 in July, but price then fell sharply back into the consolidation range. - I was anticipating a bullish scenario and scaled in some exposure at $55. - But price kept falling. - As a long-term bull on CSCO, I find this dip to be an opportunity to buy. - I like this $52 area because 1) this is consolidation support, and 2) the 200-day simple moving average is right around $51.- Furthermore, the RSI is under 30 and price has rallied the last few times when the RSI dipped below 30. However, 2 out of the last 3 times the RSI dipped below 30, price only rallied within the context of consolidation - price came to consolidation higher and retreated.- Still, I like the prevailing uptrend so buying on a consolidation support is ideal for me.