What a battleground this was during post earnings release, after missing on revenue and what some perceived to be weak guidance the stock tumbled in afterhours trading, 24 hours later the stock was up 20% from those lows on positive Upgrades and comments. Speculation is that next week will bring some very positive announcements, so watch this space.
Great company and all that. This chart just kind of screams parabolic move into a long term trend line w some horiz resis just above. Just like the cyclic look to this and the perhaps unsustainable parabolic move up. If we get any market weakness this one could get interesting. Great company, good products, lots of folks like this one Zacks etc. Jus saying..
How could I not see it at 21 level?
however, I see two attempts to cross the level of 51.5, we can notive a double top at that level.
OBV supports the idea, also, moving average 20 follows the stock upwards.
it is worth following with special attention to the trading volume.
not a recommendation.
as always, you are more than welcome to enlighten me…...
Bears were in control for a while but not anymore.
Bulls managed to push this baby quite a bit and now it's time to see how powerful those bulls are. Is this stock going to pierce through the 200 ema ?
RSI is overbought but this is normal which such a run, daily RSI looks sweet.
Let's keep an eye on this one. If the bulls manage to break the 200...
CREE is forming a head and shoulders formation, the left shoulder had significant volume accompanied to relatively high volume for the head. The formation of the right shoulder is typically underway, we want to see volume significantly lower than the left shoulder and head (volume contracting). If this occurs up to the point of the neckline watch for unusually...
- 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...
Industry: Semiconductor Equipment & Materials
Good example of Support and Resistance
The price broke the resistance line above 30.00 and make a price pullback, that now test the new support line
(Look the red arrow and identify this: A long lower shadow, followed by a big green candlestick two weeks ago)
We had an entry from last night's list below the low of the day for CREE. Even given the gap day, it followed through nicely and down to our initial target at 35.20. Looking to see foNASDAQ:CREEllow through down to next support level at 34.38 level.