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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Jenna who wrote (90599)3/29/2000 1:46:00 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
CREE had dropped below support of 138 7/16 to 139 but bounced off again. Last Friday CREE had an inverted hammer or tombstone pattern. (sign of possible reversal to downside) pattern after a 6 day bearish rising wedge converging pattern. CREE could do nothing to follow up and get into higher highs while testing and trying to do so. CREE broke below the wedge line at 165 and downwards from there.