Panjang
CREE Bullish Piercing candle in Failing wedge, reversal time?
CREE, similar to RVLT, has been bear for quite some time now. The down trend is an evidence and has been for weeks.
It has now entered into a failing wedge reversal figure (not confirmed yet).
To confirm the figure, CREE must break resistance line B-D.
It also had a bullish piercing candle last Friday. Also not confirmed yet.
Both Stochastics and RSI are in the oversold regions
Reversal may be within days.
SAR is also close to a reversal. A quick bullish candle would turn it into an uptrend.
Also to consider is the Gap formed on August 13th (Earnings). CREE may want to fill this soon.
Target is 49,50$.
Waiting confirmations to enter.
It has now entered into a failing wedge reversal figure (not confirmed yet).
To confirm the figure, CREE must break resistance line B-D.
It also had a bullish piercing candle last Friday. Also not confirmed yet.
Both Stochastics and RSI are in the oversold regions
Reversal may be within days.
SAR is also close to a reversal. A quick bullish candle would turn it into an uptrend.
Also to consider is the Gap formed on August 13th (Earnings). CREE may want to fill this soon.
Target is 49,50$.
Waiting confirmations to enter.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.