NYSE:WOLF Wolfspeed is coming off of a downtrend with clear lower highs and lows, and has been in a decent consolidation with clear supply and demand zones.
I used Heiken Ashi candles on the daily and 4 hour charts to determine the supply and demand zones.
Looking for a zone to zone trade. 4/3/24 saw a Wells Fargo downgrade due to its association with Tesla....
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
WOLF is forming a bearish wedge on the daily after a power earnings gap to the downside. An underperforming semiconductor stock that will definitely breakdown if the market rolls over next week. Targets $24 and $22
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
Bearish price targets are also sell targets for bulls.
Bullish price targets are sell targets for bears.
Basically, price targets are relative to your trade.
If confused, please ask.
Why are we talking about bears with WOLF?
#1 answer
Sharp Downtrends
And support trends trading in a bearish direction.
#2 answer
Gaps to the topside.
#3 answer
RSI still...
Infineon Technologies AG (OTC: OTC:IFNNY ) and Wolfspeed, Inc. (NYSE: NYSE:WOLF ) have extended and expanded their long-standing silicon carbide (SiC) wafer supply agreement, first established in February 2018. This strategic collaboration aims to meet the soaring demand for SiC semiconductor products, particularly in sectors such as automotive, solar, electric...
Wolfspeed, a company known for its cutting-edge technology and innovation, has recently faced challenges within a falling trend channel in the medium long term. However, a closer analysis reveals a compelling story that may captivate potential investors.
Positive Signal: Inverse Head and Shoulders Formation
One of the noteworthy turning points for Wolfspeed was...
Although WOLF has been demolished over the last few years, it has been on a tear to the upside recently - up over 20% from its late October low, which, coincidentally was a level extremely close to its bottom in early 2020. This area should act as strong support and will likely favor the long-term bulls in this classic setup.
WOLF is manufacturing batteries for EV cars with a range of 800 miles.
Fundamentals and technicals look solid for this trade.
Watch for trend reversal at lower channel before buying.
Silicon Carbide is the latest TRANSISTOR technology that achieves very low losses in the form of heat loss etc. This technology can also run at very much higher speeds than prior devices > thereby using smaller magnetic and passive components.
Similar to or compared to ones Intel I386 processor to a I9.
Leaps and bounds better.
Wolfspeed makes these devices for...
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.
Analyzing the options chain and the chart patterns of WOLF Wolfspeed prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $3.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward...
This stock came up in meditation. Literally I had a vision of a wolf. This has happened before with things like the stock TOELY. I saw a big toe in my imagination. That was an incredible ride from around $20 to $149 over the years and back down.
So, I don't dismiss visions, and most things have a meaning.
To add "reinforcement" to the guidance for me to look into...
wolfspeed expand its production
this one has potential to grow within 2 years
i entry at this level $62.
i manage my position by using rebalancing. but when reaching 50% i will start holding forever
then i will shift my cashflow from this stock to do risk per trade .
