CNXAUTO 19th Nov 2011
CNX Auto Daily (Evenign Star)
- Currently at 38% retracement of most recent wave
RSI Divergence
Support at 11640 , breakdown of which can take us to 61% retracement at 11470
breakdown of 11470 will then take us to 11000 which is a very strong support
Change of Polarity below 11070
Bottom Line : Showing sign of reversals , sell on rise till it takes out the recent high
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