$WOLF with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $WOLF after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
WOLF trade ideas
Head and Shoulders 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:
WOLF daily evening star reversalWOLF daily evening star reversal at local pivot pretty high have room to go down.
Sell Stop 107.24 LMT 107.24 GTC
Buy Limit 94.43 GTC
Buy Stop 116.29 GTC
Potential High Tight Flag on This Relative Strength LeaderWOLF showed amazing relative strength last week rising 5% while the market fell over 5%. This has formed a high tight flag and is buyable over 123.25 with high volume
WOLF - Horizontal Resistance Breakout WOLF has broken out of long horizontal resistance
It has formed a sort of Ascending Broadening Wedge structure that looks quite bullish above the resistance which is now a support for price
$WOLF head and Shoulders Failed Top Setup$WOLF very interesting play on a small head and shoulders failed breakdown pattern.
a move over the right shoulder should ignite buying and short covering and re-affirm the uptrend that started with earning gap up.
Bearish SharkThere is a gap below price that may kick in as support, even if temporary.
Price is still above it's longer term moving averages.
Alternate Shark and price appears to have terminated at the 1.113 versus the .886.
Possible stop above the 1.113 or where you see resistance.
No recommendation.
Short interest is around 7.77%
EPS (FWD)
0.16
PE (FWD)
697.08
Div Rate (TTM) 0
Yield (TTM) 0
Short Interest
7.73%
Market Cap
$14.08B
Wolfspeed, Inc. operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies Europe, China, the United States, Japan, South Korea, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications. The company also provides power devices, such as silicon carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), and power modules for customers and distributors to use in applications, including electric vehicles comprising charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. In addition, it offers RF devices comprising GaN-based die, high-electron mobility transistors, monolithic microwave integrated circuits, and laterally diffused MOSFET power transistors for telecommunications infrastructure, military, and other commercial applications. The company was formerly known as Cree, Inc. and changed its name to Wolfspeed, Inc. in October 2021. Wolfspeed, Inc. was founded in 1987 and is headquartered in Durham, North Carolina.
WOLF rises on earnings Is it ready to fall SEMICONDUCTOR STOCKNYSE:WOLF
The chart and indicators show the dramatic rise after earnings.
The squeeze indicator is rising while the momentum divergence is
increasing.
What do you think- will WOLF continue on the uptrend or reverse?
$WOLF with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $WOLF after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
25/3/2022 NYSE (WOLF)Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $106.78
Target Price: $109.78
Stop Loss: $101.49
9/3/2022 NYSE (WOLF)Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $93.10
Target Price: $89.73
Stop Loss: $96.47
Wolf: Whiskey, Tango, FoxtrotAn awful lot of "coincidences" on the yearly. Not going to lie, I was partially shaken out in yesterdays bloodbath, but im looking for this 127/128ish level to hold. For reference as this isnt on alot of peoples radars, stock was savaged after the company offered tepid guidance at their investor day. Looking three years out, still think SiC and Wolf have a bright future...
Wolf
VSA . price action and fibo included for analysis
Market will take 2 - 7 days to achieve Target . close trades during weekend .
Trade Responsible. We dont take responsibility for your loss
$WOLF hello old foe; U taught me an expensive lesson. I'll be bk$WOLF used to be $CREE
Nice big bullflag etched in there. Voila.
I wouldn't be in until its backtesting those waistelines. Plenty of jigs thre to scalp if uit's your flavour, though, and in relative safety as she climbs up the right side of the flag to exit. Just saying.
