$CNIT earnings winner loosely trades on 240 min chart with 200 MA as support and resistance. #daytrading Long over 200 MA breach and short under 200 MA loss to trade. Cross up and down. Current bias short to mid is long to 200 MA on pull backs intra. $CNIT news finance.yahoo.com Register to free email list for trade set-ups, webinars, special events:...
CNIT has shown over 78.6 % retracement and the bollinger bands are contracting with oversold conditions - indicates, we could be seeing a breakout very soon.
CNIT is in a strong downtrend, realizing a descending wedge. I'm expecting a breakout to the upside. Potential gain above 50%.