CD Projket Red to 1500 dollarsIf there is one place i will be putting a chunk of my portfilo in studio right here.
For anyone that doesn't know this studio created video games based on the witcher series and also developed cyberpunk 2077 that released in 2020 when the stock was at all time high at 458 dollars.
To think this stock is 80% down is mad , CD projket red have began a partnership with epic games and the Witcher 4 is already in production on the new unreal 5 engine ,this one is a no brainer.
Projekt
$CDR EWT Analysis - The dip has bottomed?$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.