Potential for CREE-mation

I mentioned CREE last week and over the weekend as a beaten-down short squeeze idea into the holidays. Updating the daily chart, below, I will reiterate that thesis with the stock acting reasonably well this morning. This one has been left for dead and is not particularly well-liked at the moment. But you can see the highlighted bottoming formation, still holding true especially if bulls can keep price above $36. This remains a heavily-shorted stock, ripe for a squeeze up to its $39.47 gap above. __________________________________