LeLaf
Long

CREE Bullish Piercing candle in Failing wedge, reversal time?

NASDAQ:CREE   CREE INC
59 1 1
CREE             , similar to RVLT, has been bear for quite some time now. The down trend is an evidence and has been for weeks.
It has now entered into a failing wedge reversal figure (not confirmed yet).
To confirm the figure, CREE             must break resistance line B-D.
It also had a bullish piercing candle last Friday. Also not confirmed yet.
Both Stochastics and RSI are in the oversold regions
Reversal may be within days.
SAR             is also close to a reversal. A quick bullish candle would turn it into an uptrend.
Also to consider is the Gap formed on August 13th ( Earnings ). CREE             may want to fill this soon.
Target is 49,50$.
Waiting confirmations to enter.
Well, a little bearish today on downgrade (to neutral). Will see how it goes this week. Still a failing wedge though.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out