iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Another China Name to Watch

12631 memberĀ @JPMorgains pointed out CNIT. Looking at the daily chart, below, it is hard not to like the setup on some more strength. Here ewe have a stock basing at prior highs (horizontal light blue line), and has allowed the 20-day moving average (orange line) to catch up to price.

I’d keep a stop under $6.80 if you try to get in front of a breakout over $7.50.

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CNIT

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