Step-by-Step Technical Analysis for Wolfspeed, Inc. (WOLF)

1. Price Action & Trend Overview

• Recent Trend: The stock has seen an extremely high volatility regime over the past month, transitioning from the $4–$6 range in mid-March to a massive, sustained breakdown below $2 by late May/June.
• Crash Phase: A notable waterfall decline began late May (5/21: $1.14 open, $1.28 close, volume 255M+!), marking a fundamental shift in sentiment and possibly catalyzing technical breakdowns.
• High-Volume Capitulation: Several huge volume spikes [