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nickso833
Mar 1, 2024 4:01 PM

nice long entry to the upside Long

Wolfspeed, Inc.NYSE

Description

matching what insiders did to accumulate shares at a low of 25 was an ideal entry
here is another as accumulation and volume is occurring consecutively
price had heavy support above mid 20s retest 30 range yet again
Comments
stealthptr
thinking of selling my WOLF just below $40 .. but I wonder, could this stock be worth over $100 by the end of 2025 .. look what happened with SMCI this year, I should have just held :')
nickso833
@stealthptr, believe me bro i know all about SMCI!!! I posted a chart about it back in dec 2023 didnt think it would quadraple..

now WOLF is a hold in my opinion insiders are purchasing more than selling i am happy and technicals look pretty good

I agree with the price atleast doubling ESPECIALLY once and if the feds cut interest rates
stealthptr
@nickso833 support is really strong at $25 imo, so there is very low risk here anyway.. it's just a matter of timing the exit correctly. there is probably some resistance at $40 which cant be broken this early - but the projections for 2027 are astronomical, could easily quadruple by then.. unfortunately i dont usually hold for that long lol
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