Enlarge any chart by clicking on it.

Unless otherwise specified, ALWAYS use the 15min chart to enter my recommended plays because
CONFIRMATION is a MUST. In other words, you need to see a 15min candlestick that CLOSES beyond
the entry point, then enter when it moves 10cents after the high/low of that candlestick.

Tuesday, August 12, 2014

CREE EARNINGS PREVIEW

It reports after the close today. Fundamentally, I scored it at 7.5 to 8 out of 10 (which is bullish). I believe it will beat earnings and revenue, and will also maintain or raise guidance.
Technically it looks bullish as seen below on the daily chart.
So I will buy October Calls going into the report as seen on the 15min chart below


CREE-DAILY


CREE-15MIN
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