2waytrading

Double Bottom (35% Upside potential)

Long
NASDAQ:CREE   Cree, Inc
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This double bottom formation is very reliable, and came after 5-wave completion and has a measured move of 35% from Friday's close. If you decide to take long position make your stop loss at recent swing low at $30.53 with target price of $44.80. If you are option trader join us http://www.woowtrading.net

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