Last night, I made my second collection in CoreWeave—and the reasoning comes down to one word: breakout.
My first entry was near the 200-day EMA, where the stock found solid support after weeks of consolidation. That was a strategic starting point, giving me exposure while keeping risk defined.
The second add came after watching the stock carefully since mid-June. CoreWeave had been stuck under a persistent downtrend line, with each rally attempt failing to push through resistance. Yesterday, that changed. The stock not only broke above the downtrend line, but it did so with a significant surge in volume—almost double the daily average.
This kind of action is textbook technical strength:
# Trend reversal signal – breaking the downtrend that capped prices since June.
# Volume confirmation – showing strong conviction behind the move.
# Momentum shift – the breakout suggests buyers are taking control, which could set up a new leg higher.
To me, this was a strong breakout worth acting on. By adding here, I've positioned myself early in what could be the start of a sustained uptrend.
As a retail investor, I focus mainly on the US and Singapore markets, combining a mix of technical trading and long-term investing strategies. I enjoy analyzing charts, spotting patterns, and making calculated moves based on both market sentiment and fundamentals. While I'm not a professional, I treat my portfolio seriously and continue to learn and grow with each trade. If you're also navigating the markets and enjoy discussing stocks, options, or market trends, feel free to follow me. Let's learn and grow together as a community.
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- skippix·09-20TOPAmazing strategy and timing! Love it! [Great]1Report