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Alex_Quiroga

Technology stocks for 2018 #8 (CREE)

Long
Alex_Quiroga Updated   
NASDAQ:CREE   None
Support and Resistance Multiple Time Frame Analysis Candlestick Analysis
6
0
supportandresistance mtfa candlestick
Sector: Technology
Industry: Semiconductor Equipment & Materials

Good example of Support and Resistance
The price broke the resistance line above 30.00 and make a price pullback, that now test the new support line
(Look the red arrow and identify this: A long lower shadow, followed by a big green candlestick two weeks ago)

Comment:
The idea looks vague because I did not write an analysis of more than 40 lines?
(If a reader immediately identify the idea looking the chart)
Then I do not need to persuade with use of technical jargon
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