TradingView
jdharward
Dec 29, 2018 8:22 AM

LEDS - 22% short, 400% long target Long

SemiLEDS CorporationNASDAQ

Description

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
Comments
pranaman
thank you
More