Wolfspeed Inc

In a Stage 4 decline with price tracking below declining EMAs and confirmed lower highs/lows, the medium-term bias stays bearish. However, extreme oversold readings and a bearish exhaustion candle point to an imminent bounce, making immediate selling ill-timed. We defer execution—planning to trim into rallies around dynamic resistance (9/21 EMA zone) for better entry.

• ↑Maintains $1.2B cash & short-term investments, supporting growth initiatives.
• ↑Launched first 10 kV SiC power MOSFET, leading high-voltage applications.
• ↓Non-GAAP gross margin at −20.6%, highlighting profitability challenges.