WOLF: Bullish divergence on the weekly (SEP24-FEB25)Wolfspeed, Inc.BATS:WOLFgobbenobberIt appears that this is yet another stock that has been declining in price over the past some weeks while the RSI shows a declining downside momentum (green lines on RSI/price chart) - AKA Class A bullish divergence. This indicates to me (a non-professional, newbie investor) that the selloff is cooling down and a reversal might be on the horizon. RSI could be arguably forming a wedge but with only two touches of the higher trend line it's a bit too early to tell IMO. I did enter this trade at around $7 so at a loss for now. But I figure this has potential for a pretty big move it it does actually reverse. Again I am a newish trader so I haven't learned the benefits of setting targets yet the hard way. As such, I am just pulling some gains off the table at some point when the time feels right to cover investments and leaving the rest of my shares intact so I can ride the wave if this does shoot upwards. I don't do stop loss and what not because I wouldn't invest money that I can't do without, and I have enough savings to live without the invested amount for an indefinite (for now at least) amount of time. Might be a bad take but it is what it is.