WHAT GOES UP MUST COME DOWN wants to close daily gap at $123.66CRWV forms ‘Head and Shoulders’ on the daily over the past month. The breakout to $180s is all I saw a month ago…but now a reversal has started to $123.66 and maybe to $111.95 as the worse case scenario. My daughter made me hold on to this one like she did on Nvidia. She was right on that one….but she is 45 and I am 82. She has more time to wait it out than me. CRWV has taken the path of many IPOs….it pulls up right after coming out of the gate. Regains its footing and starts to move (using horse racing terminology) Great speed rating, so she gains ground in the first turn. Still improving her time down the backstretch as she breaks the $100 mark by middle of May and gaining momentum. She continues to pass horses and moves into the lead as they reach the 1/4 pole. By now it’s apparent that CRWV is a closer as she demonstrates moving down the last eighth of a mile. As she roars up the home stretch 8 lengths ahead of the field closing above $180.
Unfortunately her next race is dismal as she forms a ‘head and shoulder’ pattern. From here it’s all downhill until she reaches $123.66 …..or worse $111.95
