Technology stocks for 2018 #8 (CREE)

Sector: Technology
Industry: Semiconductor Equipment & Materials

Good example of Support and Resistance
The price broke the resistance line above 30.00 and make a price pullback, that now test the new support line
(Look the red arrow and identify this: A long lower shadow, followed by a big green candlestick two weeks ago)

Comentário:

The idea looks vague because I did not write an analysis of more than 40 lines?
(If a reader immediately identify the idea looking the chart)
Then I do not need to persuade with use of technical jargon