CNX IT investment opportunity for short term
Investment opportunity in CNX IT
As we can see the chart is of 1 week time frame. We have corrected from the highs sharply. Now the market moves in waves and is very unlikely to continue to fall further. Any fake breakout on these levels will trigger longs on th IT index. This is a weekly trade so you can invest in CNX It through IT bees which is trading at 28.05 levels.
Targets will be the Fibonacci ratio between 0.618 and 0.5 which has been marked on the chart.
Thanks.
As we can see the chart is of 1 week time frame. We have corrected from the highs sharply. Now the market moves in waves and is very unlikely to continue to fall further. Any fake breakout on these levels will trigger longs on th IT index. This is a weekly trade so you can invest in CNX It through IT bees which is trading at 28.05 levels.
Targets will be the Fibonacci ratio between 0.618 and 0.5 which has been marked on the chart.
Thanks.
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