April 24, 2014
- Daily chart of CNX IT is consolidating after a down move, This is most likely a bearish continuation formation. Crucial level to watch is the 9050 level shown in first chart. If 9050 goes on weekly closing basis it will further weaken the long term trend.
- For bulls of CNX IT price must get back above 50 and 100 SMA to avoid a test of 200 Day SMA.