CoreWeave is our newcomer in the Tech & Innovation sector. This stock does not have a long history, but based on its structure, it opens up a clear bullish opportunity to profit from this stock.
After creating a first impulse with green wave 1 and green wave 2, this stock has set a bullish foundation for a sustainable, long-term uptrend. We have projected first price targets for an expected, upcoming first bullish major run-up.
Long-term price targets:
- 161.8% at $265.34
- 200% at $313.16
- 261.8% at $391.70
We expect our forecast to gain a significantly higher probability of occurring as soon as CoreWeave breaks above its local high at $138.25, with major validation coming after a breakthrough at $187.
If, however, this stock breaks below $60.55, and most importantly, the level at $33.52, this would invalidate our current count, and we will update you with our alternative scenario. However, we expect the market to validate our primary scenario with a high probability. Therefore, in the short term, we have set a Fibonacci retracement zone to buy this stock and secure the best position in this market before it starts its first major bullish movements.
Long entry levels:
- 50% at $89.04
- 61.8% at $82.32
- 78.6% at $72.76
This Fibonacci retracement zone represents a prime buying opportunity to establish a position in this market and be best positioned for the long term. This zone is already activated, as CoreWeave has reached it.
If anything happens with this stock, we will update you immediately.
Kind regards,
Monalytics
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