786 retracement and bollinger bands contracting

CNIT has shown over 78.6 % retracement and the bollinger bands are contracting with oversold conditions - indicates, we could be seeing a breakout very soon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.