jdharward

LEDS - 22% short, 400% long target

Long
jdharward Updated   
NASDAQ:LEDS   SemiLEDS Corporation
Not financial advise. I'm just some guy on the internet.

Basis for recommendation: Technical Analysis only.

What is LEDS? Some Asian tech company.
What do they do? Tech stuff. Okay, fine, semiconductors.

Is it a buy? The charts indicate we are entering a price reversal ZONE. So far, just the tip and ONLY the tip! Be aware share price could decline a further 22% from current levels down to $2.03 or lower.

Buy range: $2.03 to $2.51
(Testing support at $2.49)

Stop loss: $1.90

Sell targets are green boxes with increasing resistance levels highlighted.

"Take profit" level $10 or above.
Comment:
Skip the short bit.

Targets are currently valid

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