Follow-up on the previous CRWV setup.
Earlier this month I was watching whether buyers could defend the reclaimed MA50 / MA200 area after the initial momentum expansion.
Since then, support near $100 has continued holding despite increased volatility across growth stocks.
The stock remains below the prior high near $137, but the higher-low structure is still intact for now.
Key areas I'm watching:
• Support near $100
• Rising trendline support
• Prior high near $137
As long as support continues holding, the broader structure remains constructive.
The next question is whether buyers can rebuild momentum and eventually challenge the prior highs again.
Do you see CRWV building a new base here, or does it need more time before another attempt at the highs?
Earlier this month I was watching whether buyers could defend the reclaimed MA50 / MA200 area after the initial momentum expansion.
Since then, support near $100 has continued holding despite increased volatility across growth stocks.
The stock remains below the prior high near $137, but the higher-low structure is still intact for now.
Key areas I'm watching:
• Support near $100
• Rising trendline support
• Prior high near $137
As long as support continues holding, the broader structure remains constructive.
The next question is whether buyers can rebuild momentum and eventually challenge the prior highs again.
Do you see CRWV building a new base here, or does it need more time before another attempt at the highs?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.