CD Projekt | CDR & Phantom Libertywhat a nice long and what a great day, hows tradin so far Chooms?
cyberpunk dlc phantom liberty coming on September 26th 2023 and cant wait to play this gem
as usual CDPR going to sell million of copies and making hundreds millions of dollar so for me CDR still is safe and good place to printing more money. 2023 is a great year to buy the dips and enjoying 2024 after that
CDR
CyberpunkRecently diving into Cyberpunk 2077 has unveiled the developer CD Projekt's potential. The studio's shares are listed, prompting consideration for ownership.
The stock's recent performance may align with the game's reception, but it's crucial to delve deeper into CD Projekt's fundamentals beyond a single release.
For those intrigued by this opportunity, exploring platforms enabling ownership and spot trading of CD Projekt shares might be beneficial.
Share your thoughts on CD Projekt's stock potential or experiences below!
A small break in the raidAfter a 50% rise in the price of the stock, it seems to be natural for a little pause, before further movement. At today session, the rise was not so profound, therefore it seems that the stock price is getting saturated.
I estimate that either tomorrow or Monday it will drop in the region between Fibo numbers, around 150 PLN.
CD Projekt - Not Bottomed YetExtended 5th means deep retracement
Minimum target is where Wave 2 ended
In this case its 5 USD
It could go even lower that that
You can also see H&S being confirmed
If you believe in the company it could be the opportunity to scoop up alot of cheap shares
Keep in mind the risk of company going under though
$CDR EWT Analysis - The dip has bottomed?$CDR making it hard for traders with its recent price action. The most obvious would be to call the 5-wave down from B an ending diagonal, but $CDR could potentially face more downside in the coming months since they have a Class-Action Lawsuit on their hands (and maybe other lawsuits on the way). The earnings report coming out in March might also be a flop because of the refunds and removal of CP2077 digital copies from online stores.
Consider the following chart as an alternate EWT wave count before buying the dip.
CD PROJEKT RED - Long-term analysisHi everyone, I did some research about CDR, lets talk about current situation with this company
As you know, dump is caused by:
-Cyberpunk 2077 fail
-Hacker attack
Why do i think this stock will be bullish in (distant) future:
1) CDR bought Digital Scapes - gives possibility to work better with Americans
2) Respected by many famous people like Elon Musk (CDR has also 1M followers on twitter )
3) Good marketing - trailers etc.
4) It cant be worse - in my opinion there cant be next dump, this company had too many fails in a short term.
With each announcement of an upcoming game, the stock price goes up
I think its a good investment if you want to earn around 80% more without stress
CDR longAfter series of screw ups (botched Cyberpunk release, hacker attack, delayed patch) we might get a double bottom and bounce off 200W EMA (which conveniently also happens to be the area of W support). Also, we are still under long term monthly support. I have a feeling this might be the bottom for CDR's very poor performance and only way from the bottom is UP. And if I am mistaken, well... there is pretty clear SL which is very tight. I like this R:R.
CDR Short Squeeze Failure?This is an update to: www.tradingview.com
As noted before we lacked upward movement that could end 2nd elliott wave in a statistically popular fibo retracement level. As short squeeze against Mevlin Capital inspired detail investors we have reached a popular level of 61.8%. It seems that memes have lost their momentum for buying stocks like GME or AMC according to what can be seen on the charts I assume the same will happen CDR. Just as writing this possibly S&P500 and NDX stocks are starting to loose upward momentum for the day tomorrow might be a crucial day for CDR. Reaching MA200 cannot come unnoted.
New Fundamentals (previous are still in effect):
Polish WIG20 index which CDR is part of has reached a significant barrier where bears can return.
New Speculation (previous are still in effect):
Short squeeze against Melin Capital (still shorting CDR but at significantly lower level) is loosing momentum as panic movements can be observed both on GME and AMC.
CD Project on the road to repeat dot com yahoo scenarioFundamentals:
CyberPunk 2077 is significantly below expectations
Latest significant patch is not getting only positive results
Speculations:
Sales are significantly down due to refunds and cutting price almost by half of game copy
Technicals:
First downward movement by Elliott Wave theory is an impulse wave that was initiated by fact sellers. Current consolidation fits into wave two but what is not most statistically popular is that it barely bounced 38,2% fibo. It could end soon or we could still see upward movement towards 350 which is located at 50% fibonacci retracement level where that would be an ideal spot to join the short movement.
Watch out for getting into hype
We can see the supports.
CD projekt RED went insane with the last E3 conference with Keanu Reeves. Everyone is hyped on the Cyberpunk project. A lot of people wants to buy some stock of that company to earn a lot of money... but whales only wait for a moment like this.
You also can see that on 4h and 1d charts we can see bullish trend bouncing of the red line... but the trend is losing a little its momentum as we can see on MACD chart. Maybe its only a correction ... BUT!
BUT if we look at weekly chart we can see the Double Top with a little bulltrap on the second top... and looking on MACD it's very likely to go back to 162 Zlotys (trend support) or 123 Zlotys (second floor but for opposite trend if it's going to break 162 ZL, maybe its forming a bull flag?)
To sum up... I'm watching this company for some time and it's very interesting to see what will happen. Will the hype push it to the new ATH or a lot of people will be eaten by whales? Let's wait and see.
CD Projekt (CDR) opportunity for short sell coming soonWe are approaching a really nice opportunity to short this nicely looking bullish run.
RSI showed bearish divergence before at the ATH already when we had higher high and lower high on RSI.
If we cross second yellow line, or maybe third - right at the break down or better after a retest.
I'd target latest volume area at around 100 levels.
I would love to see a 9 at TD Sequential indicator before going short.
CDR DivergenceShowing divergence and recent settlement indicates that the company may be open to being sold....
I entered at $4.00 and will be looking for / evaluating if I can see $4.70