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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Raven who wrote (11144)4/8/2000 11:15:00 AM
From: Venditâ„¢  Read Replies (2) | Respond to of 19374
 
Hi Raven

CREE is showing a mixed bag of indicators. The last two days have shown some weakness and consolidation. Stochastic suggest it may pull back and retest the $110 support area in this coming week. MACD is slowly moving positive which is why I say the indicators are mixed.

askresearch.com

A move from $88 to $140 in 3 days would make some profit taking an understandable thing to do for those who entered at much lower levels.

ELON achieved a stochastic buy signal on Friday with its strong close. It was held by some slight resistance which will likely be taken out on Monday allowing it to rise to about $69.

askresearch.com

Look for resistance at the following levels.

$69
$75
$80 Fairly strong here.

Based on the indicators I think another attempt at its old high is possible over the next 10 trading days.

All IMO of course.

Reid