tonyqs87
Long

weekly long

NASDAQ:CREE   CREE INC
- Breaking up from the bottom through the resistance $29 in weekly chart
- Fell back and tested the support around $30 with a weekly candlestick Hammer
- It could be a perfect entry after the retest
- strong bull continues by breaking up the previous high and reaches the new high in the latest 3 years
Charts indicates it is in a bull trend. It is worth paying attention and buy at the low. For now it will be a good buy at around 39 with supportive signs.
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