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TradeWithParas
Mar 21, 2024 8:05 PM

WOLF potential buy setup Long

Wolfspeed, Inc.NYSE

Description

Reasons for bullish bias:
- Inverse Head & Shoulder formation
- Entry at neckline breakout
- Strong bullish divergence on weekly plus daily
- Price is at weekly support
- Insider buying

Here are the recommended trading levels:
Entry Level(Buy Stop): 30.97
Stop Loss Level: 23.46
Take Profit Level 1: 38.48
Take Profit Level 2: 45.99
Take Profit Level 3: Open
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