lauralea

Head and Shoulders

Short
NYSE:WOLF   Wolfspeed, Inc
Price pierced the neckline today.
The neckline is a strong line of support until broken with a true Downtrend.
The neckline is often retested and some would wait for the retest of this line to ensure that it is now resistance.
Short interest is around 7.25%.
Tall structure.

No recommendation/ES with a confirmed downtrend.
Weekly chart below:


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