Possible short at the .618% and old channel high confluence. Price will be the guide.
Thinking the 'look above and fail' could be in play here for the first few weeks of January. If we clear the 61.8 and hold, I'd say that's a good start. The 61.8 is currently at the confluence of the backside of the old channel. It could be that is a spot where profit taking will happen. If we have a 'lower high' situation then come back down and break the pivot...
Longterm trendline breaking to the upside WEEEEEEEEEEE. Measured move to 130+
Gap Fill 1 @ 82s , then consolidate for the fib retrace at 119.
Just T/A. Breaking IPO trend line from the 70s here. Could go much higher. First stop-40.
Only simple T/A. Measured Move=190. Sloping upward 200. Conditions are right in the market.
Consolidating below 200MA. Descending wedge as seen on chart. Target around gap fill 79.02 and relative fib retracement via september 85 puts.
First close over the 200 day. Strong sector. Big day on Friday. Huge potential upside back on the chart. NASDAQ:CREE
Breaking out of 2017 bull flag. Breaking out recent descending wedge. Breaking above previous chanel. Above 200 MA with recent accumulation.