Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Chuck Molinary who wrote (17168)	2/27/1998 12:17:00 AM
From: Darth Trader	Respond to of 50167

Re: CREE, Chuck, while I am by no means a TA expert...CREE has been stuck in a trading range since the beginning of the year. Resistance is at several price ranges on the way back to $29.50 high. Buy when the price breaks through the $17-$20 level on increased volume. IMHO

To: Chuck Molinary who wrote (17168)	2/27/1998 12:26:00 AM
From: FJV	Respond to of 50167

Chuck, The technical picture for CREE, IMHO, looks pretty positive, but there is overhead resistance at the 200 day MA, or about 17 3/4. The RSI is strong, but there is divergence with the OBV, which looks like its rolled over recently. Since December, it's been trading within a couple of points on either side of the 200 day MA, which is coincidentally at the same level as the top of the Bollinger band. It has again crossed is 20day MA recently. If it can close the week above 17 3/4, it will have crossed its 200 day MA and broken out of its Bollinger band range. This would, IMO, signal a technical breakout. If it fails to do so, very strong support exists at 13 3/4. I hope this helps - just MHO.

To: Chuck Molinary who wrote (17168)	2/27/1998 12:56:00 AM
From: Beachside Bill	Read Replies (1) \| Respond to of 50167

Chuck, IMHO CREE bounced of support yesterday. (yesterday=Wed.) CCI(10,14,21,36) turned up yesterday. - Bullish STOCH(5,3,3) turned up yesterday signaling buy - Bullish Fast MACD turned up yesterday confirming. - Bullish DI+ appears to have bounced off of upward trend line using dates: Jan 26 / 13, Feb 10 /20 and Feb 23 /24. - Bullish ADX still below both DI+ and DI- in a downward trend. This could change soon, but that a strong bullish trend is not yet intact. On Feb 3, it appears to me the the downward trend was broken and a new trend to start. Caution - trend could be flat and not up. Price appears to have bounced off the lower envelope and the lower Bollinger Band computed exponentially. Previous support at around 18, now resistance. If it can break that area then I would think 21 would be the next possible point of retracement This is not a buy or sell recommendation. I would not buy two days after a bounce (ie. Friday) since reward /risk has been lowered. I think near term indicators show this stock to go higher over the next few days. If you want any charts on CREE, I will e-mail them to you at your request. Charts are very large attached files. Just My Opinion

To: Chuck Molinary who wrote (17168)	2/27/1998 9:39:00 AM
From: Nemer	Read Replies (1) \| Respond to of 50167

Chuck: CREE: ----->Can anyone offer an opinion of CREE? You already have received three excellent TA answers and I'll throw in a little of mine. I've had trouble getting on line this morning, since 7 EST , and I hate to let this good info go to waste....ggg As I'm now a very short term TA man, support at 16 resistance at 18 If I owned it now, I'd punch out on a close below 16 and I'd sell at 17 3/4 Thanks a bunch for your FINE and DILLIGENT work on the home page....I've been remiss in not thanking you. Regards---Nemer