Cnxt

[thekube]

Does anyone have any thoughts on CNXT? I bought 250 shares at 2.90, and now it's down to 2.20, but I haven't noticed any bad news. Should I hold on, buy more?

[grassferret]

Looks like it's on the way down. It may suffer a bit more after the Fed hikes the interest rates tomor, but it could pop close to 2.5 in the next week or so. I don't see it moving back up to 2.9 any time real soon though. Just my opinion.

Mr. Grass Ferrets

[TheChartGuru]

I agree. Looking at the weekly chart, it looks like the next support is around $1.80 ish

The Guru has spoken