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hitchcoxg

Wolfspeed Inverse H&S

Long
Wolfspeed, Inc. (NYSE:WOLF)  
hitchcoxg Updated   
NYSE:WOLF   Wolfspeed, Inc.
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Wolfspeed has created an Inverse Head and Shoulder pattern as of today, and reached the target of my prior chart analysis.
If all bodes as planned and the head plays out, the next target will be $79 +- after some 5% profit taking.
Lets see.
Regards Graham.
Comment:
Looks to be breaking $69
Now Targeting $79?
Comment:
Re-Testing $60 Area.
A double test is a positive signal.
Comment:
Chip Stocks get a negative bias. I'll add around $50.
Comment:
Buying some @ $41
Comment:
Slow topping Up i.e Dollar Averaging in. Remains Risky, however long term could be a 200% gainer. Only risk <2?% on your portfolio. Advice.
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