May 19, 2014

CNX IT Trend update

  • CNX IT Got resisted at 50 Day SMA during the news day and moved lower towards the crucial support zone of 200 Day SMA.
  • For bigger down moves price must close below 200 Day SMA.
  • Trend will remain weak below the daily cloud. For IT Bulls price must sustain above the daily cloud for bigger up moves to happen

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