Thursday, 25 April 2013

AprWk4 - CREE Wednesday Market Update


AprWk4 - CREE Wednesday Market Update. My eyes have been drawn to take a look at this particular counter. The movements last night was interesting to say the least. The reason why is simply because it gapped downwards, but slowly made its way upwards by the close of the day. What an interesting way to interpret a sideways movement if you think about it.

It was a blue candlestick, but it actually dropped $1.23 at the end of market trading, but instead of a red candlestick, it is ironically a blue candlestick because it started from a gap down position. It closed $57.69 the night before, but last night it closed at $56.46.

Interesting. ;)

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