China Information Technology Inc fka CNIT

[lecorb]

AMERICAN BULLS!STAY LONG, LAST PATTERN,BEARISH ONE BLACK CROW

Signal Update :CHINA INFORMATION TECHNOLOGY

Our system’s recommendation today is to STAY LONG. The previous BUY recommendation was issued on 01/07/2014, 8 days ago, when the stock price was 4,2050. Since then CNIT has risen by +24,85%.

Market Outlook

Candlesticks warned us today to be on alert with a new bearish pattern. Market attention is now on the downside. Based on this pattern, in response to emerging market bearishness the system established new confirmation and stop loss levels. The signal tells us to STAY LONG, but the chance of a bearish confirmation that will change the signal to SELL is very high. The Delayed Intraday Module is ON. Given the risks involved, we strongly suggest you to follow price movements on an intraday basis.