January 31, 2011

CNX IT - Support and resistance lines

  • CNX IT has been getting support just below its 50 day moving average.
  • One trend line in daily chart too has held well so far.
  • Now 50 DMA has broken again. If the trend line does not hold we may see some downside for major IT stocks and CNX -IT index.
  • If the trend line holds and price goes on to break the resistance line this up trend will continue.

1 comment:

  1. Hey i am setting up my new company for SEO work and for that i need someone for IT support also, So please tell what is the expenditure for this. I am thinking to hire team of 2-3 persons only and what is IT support watford? Tell me something about this.