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Cree, Inc. Message Board

  • jeffreyjk8 jeffreyjk8 Apr 22, 2013 5:44 PM Flag

    Tomorrow is the day, the stock is short term triple top

    It either breaks to the upside tomorrow, or breaks lower, technically, the stock is in a long term downtrend, it needs to break above 60 to 65 to break out of the long term downtrend.....at this point, it looks even money, whether it will break out, or break down.

    Sentiment: Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Long term downtrend? Are you delirious? Some of these posts are unreal? Your not worth the two pennies a post they pay you.

      • 1 Reply to inbounds7
      • Look at the chart, 4/10/12, high of 83 and change, 12/1/10 came back to a high of 72, now 4/2013 it is coming back to a high now of 56 or so, how is that not trending down, that is called lower highs, so when it breaks above 72 then I would say it is in a long term uptrend, in the meantime, is this going to be your multi year high over the next month, or is this a pop up so the institutions unload.....So call it what you want, but I call it a short term uptrend, yet the stock is making lower highs and has been since 2010.

 
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