Technical Analysis: Wolfspeed – 15-Minute Timeframe (Long Trade) Wolfspeed demonstrated strong bullish momentum, with a long trade entry at 10.23 and successfully reaching all profit targets. Key Levels Entry: 10.23 – The long position was initiated at this level, marking the start of a strong upward movement. Stop-Loss (SL): 9.75 – Positioned below...
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
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...
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...