Trade Ideas for Tue, Dec 3, 2019

Cisco Systems, Inc. (CSCO) broke support of the bearish pennant formed over the last 3 weeks and is likely to continue with a decline toward 43 areas.

Steelcase Inc. (SCS) is consolidating in an ascending triangle pattern with lateral resistance in the 18.5 area. Break of resistance could accelerate prices toward 19 highs around 19.00.

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Author of Member of the CMT Association.