Corsair on the comeback? $crsrJust wanted to share what im seeing on the chart. Downtrend broken, resistance broken through now lets see if this becomes a new support area.
Will post updated visuals next week
All ideas are paper trades. GL
Corsair
CORSAIR FOR CONTRAThis stock with very good fundamentals, has been pressed. In our view, the downward trend will continue in the next period, due to the pressures on technological stocks. In the long run, however, due to the good balance sheet and the continuous growth, the share can give a good result ...
#CRSR▶️ Music might start now! Price bouncing and creating H&S✅Hi All, my main 3 take-outs from this analysis are the following:
1- The price is bouncing from what seems to be a right shoulder of a reversal head & shoulder, visible in 4H timeframe but even more visible smaller timeframes
2- Next resistence to look at seems to be at around 21.7$, where there is also a nice gap to be filled.
3- If we manage to break this resistence, which is also the neckline of the head & shoulder, the next technical target would be the height of the pattern, meaning at 23.7$ apprximately, trying to attack then the higher part of the descending channel
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
Corsair - How far down can it go?I want to start this idea by the fact that Corsair is a great company that makes great products. They are focusing on gaming gear, which in my opinion is a hot industry right now. But for some reason, $CRSR continues to go lower and lower. As a shareholder, I'm not happy with the stock's performance over the last 6 months. So, is it time to buy? Let's dive in deeper into Corsair's earnings, future expectations and much more.
Fundamental analysis
Because of COVID-19, you would expect Corsair to have a significant revenue increase. But that's not the case here. Weirdly enough, Corsair had a terrific 2019 with revenue growth of 55%. Since then, Corsair seems to have some issues with its profits/revenue growth. Of course, everyone can blame supply chain issues, but companies without them are the true winners. Given the fact that the stock is cut in half since it's highs in February, I think we can safely say that slowing growth is priced in.
Here are the numbers:
P/E — 20.60
Forward P/E — 15.46
EPS (ttm) — 1.19
Growth in trailing 12 months — Revenue is up 14.53%, meanwhile profits are up 25.36%
Technical analysis
From the technical side, buying a stock is out of the question. Stock is falling and breaking all the support lines effortlessly. In fact, shorting seems like a better option.
Conclusion
I think that Corsair is a great long-term investment with a lot of potential. Given the fact that Corsair is a well-known company, evaluation of 2.24B seems drastic to me. I'm a shareholder myself and I will continue to add shares to my position. I think it's a great buying opportunity, and I would suggest you to consider adding some to your own portfolio. Of course as always do your own Due diligence :-). I hope this helps. Feel free to leave a comment! Good luck!
Short term Corsair ideaOne of my first technical views into a stock. You can see te volume decreasing and I think it won't test the moving average so I think it wil drop to it's next support. After the low it will skyrocket because of the stocks great fundamentels. I'm also waiting for the price to lower further to open a big position into this.
Please share thoughts it's my first technical look into a stock. If you have advise or diferent thoughts please share in the comments.
$CRSR Ready To Break DowntrendCorsair has been trading in a Descending Channel since its peak in June and is finally looking like it is ready to break it to the upside to retest the trading range it has fallen from. We can determine this by the strong wick we at $26 along with squeezing at the top of the channel.
A successful break of this downtrend will send the price to roughly $30. If CRSR continues to show strength and breaks through $30, the next target will be $35.
Thank you for checking out the analysis it is very appreciated, leave any questions or comments down below;
CORSAIR #CRSR Long term bullishCorsair fundamentals are amazing, stretch stop loss even a little more so manage well your position size, even tho Corsair is really undervalued right now, we are currently living a lot of fear in the market so expect big volatility.
CRSR - GREAT Short Opportunity, IF ... !!Hello! Friends,
- This would be a great short Opportunity, IF NASDAQ:CRSR breaks down the Daily Support line at $30.70 (with a WHOLE DAILY Candle) !!
Corsair CRSR Potential Bounce Corsair has now been in a range for roughly 132 days and is inching closer to a new leg up or down in my opinion. You can see here it has fallen right to a critical level and we see a nice bullish wick at the moment.
As long as CRSR finds ground here, we can see a pullback to that upper resistance identified on the graph. With a slight possibility of a breakout but for now, it's too soon to call or predict. There are signs of loss in momentum. It's best to be patient.
If it breaks below that local support it could be looking for a new low. For now, I think it's best to play the trend.
CRSR: sneaky price action. LONG!Check out the last two hour candle of Monday trading day and the volume.
Long:
1. Volume
2. Consolidated
3. Price action, support level
4. Fundamentals: corsair is actually profitable with growth prospects, not your typical tech company.
5. Just because it is corsair.
The downtrend leaves room for the riseThe actual downtrend are getting weaker, soon the rise will start, i expected in 2-3 days at least.
$CRSR Swing if EMA holdsLooking at the tight range CRSR has found itself in, leads me to believe a nest of consolidation waves are in place. It might not break out of this range until we get a decent catalyst, just keep in mind the tight triangle formation in place and how this week we bounced off of the IPO anchored VWAP.
CRSR update**The current trade idea is not financial advice.
I am still bullish on this stock.
The Blue dotted line is the fast projection to trend continuation towards price targets.
The Green dotted line is the slower projection.
I will play my trades according to my opinions of the current price action at these levels.
(Original trade idea is included in link)
$CRSR Daily. Trading in the channel.Corsair looks more than ready to aim for all time highs. Massive volume today, which managed to break out of the channel and tight range it was trading in. Accumulation has taken a few weeks, and a nearing MACD crossover could mean we'll test another swing this week.
CRSR - Tripple bottom heading to new All time highs 🚀Tripple bottom and heading to new all time highs
🚀
Bullish Short corsair post earnings price projectioni can see this consolidating towards the 35 support level and re consolidating over the next couple weeks to make a build up. as u can soo top resistance has been getting rejected with signs of strong buying on the support. as long as earnings beat again i see this hitting a price target of 62$ exit. will enter between the resistance and support to gain a better position. exit price of 62$ stop loss at 44-48$
Quick Look at CorsairI like $CRSR as a company, and they are bullish but waiting for a pullback to take a position
CRSR Swing ShortWhile I do not think that bullish case on NASDAQ:CRSR is over I did see an opportunity for a swing trade on the lower timeframes this morning.
Grinding higherShould continue rising in the medium term. Targeting $32 by next Monday.
Move on Friday also unexpected, could well be about to try and breakout of this channel after very strong earnings, rising option volume and more lockdowns.
CRSR - Strong revenue and tech based IPO, What Is Happening?CRSR - (CORSAIR GAMING) Word on the street is high quality products, a variety to choose from in high demand and great customer service. Interestingly strong financials...over time, undervalued at $18? Trying to stay unbiased but this IPO went unnoticed I think.........
Technically a double gap on the daily? Would love some insight into this setup within the comments? (When will these gaps be filled? Ever? Not important due to early IPO chaos?)
Looking for a $30-$34 target, may settle in the meantime for another good re-entry opportunity, but in short order reaching target.
Ideas welcome thx.
