Is Coreweave about to Breakout?CoreWeave, Inc. Class ABATS:CRWVbrendanvansonThere is no chart in the stock market right now that has me more intrigued than Coreweave. I think it could be ready for a massive breakout. After it IPO'd almost exactly a year ago it soared. The price went from $35 to an eye-watering $185 in June. But since then it's been on a steady drop back to earth. It has been constantly posting lower highs along a nearly perfect upper trendline. In fact, in the 9 months since June it has touched this trendline and dropped about 8-9 times. However, it seems to have finally found support. In fact, interestingly enough it has found support exactly at the post-IPO resistance which was about $65. Now, there's no guarantee this will break to the upside. But, support and resistance works like glass. The more you hit it, the more likely it is to break. It really does feel like CRWV is about to break the glass. I'm likely about to make an entry soon. And I'll make an entry if either one of two things happen: 1. We go back down to the $75 level where I'll start a DCA position. 2. If we break the upper trendline. Once we break it I'll deploy 50% of my position. I'll deploy 25% more if we retest the trendline. I'll deploy the last of the 25% if the retest is successful. I will use a stop-loss. I'll have it at $60. My Take profit targets are: 1. $110 - I'll take 25% 2. $ 130 - I'll take 50% of the initial position. 3. I'll let the last 25% ride as a long term investment. Let's see if this goes down the way I think it will.