Wolfspeed Forum: Community User: MisterT
$WOLF Just Filled Its Gap — What Comes Next? Today, Wolfspeed ($WOLF) completed a textbook gap-fill from the recent explosive rally. This move often marks a technical reset — and the price action that follows can offer big clues about the next direction. Here’s what stands out: • Gap officially filled: The stock has pulled back and filled the gap around the $3.34–$3.40 zone. That was a high-probability retracement and is now done. • Held up despite red macro backdrop: On a day when the S&P dropped ~2% and the NASDAQ over 2.5%, $WOLF didn’t break down hard after filling the gap. That’s relatively bullish. Weak hands may have been shaken out, and some accumulation might be happening under the surface. • Volume profile support: There’s a high-volume node around $3.30, which now becomes key short-term support. Below that, things thin out fast toward $3.00 and $2.80. • Next upside levels: If buyers step in and push the stock back above $3.60 with volume, the next target range sits around $3.88–$4.00 — the top of the recent value area. • Momentum watch: RSI is stabilizing in the low 40s, and a bullish cross or bounce would confirm a possible base forming.
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