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.
0A95 trade ideas
CRSR: The Best Pure Play On Gaming and Streaming. Corsair is a maker of everything a gamer or streamer would need. The list of products is nearly never-ending; keyboards, mouses, capture cards, controllers, headsets, lighting, CPU cooler, CPU power supply, CPU case, SSD, Memory, stream deck. Corsair is a one-stop-shop for all a gamer/streamers needs. The stock has been consolidating beautifully since hitting a high of $52 last November. Since it has formed a beautiful, strong support level at $33 with resistance around $42. We believe with A+ management; Corsair is poised to continue to gain market share and win over investors.
On their latest earnings call, management announced that they would focus on launching multiple new products at a rapid pace along with increased spending towards marketing. Fundamentally, their numbers were fantastic as well. 55.2% YoY top-line growth for FY 2020($1.7B), highlighted by an 83% increase in gamer/creator peripherals. They made the jump to being a profitable company compared to the previous year ($103M FROM -$8.4M).
With macroeconomic tailwinds, wide economic moat, A+ management, A+ products, spectacular growth, profitable and risk reduced entry technically, we believe this is an incredible opportunity to get into an incredible company. We are targeting a $52 6-month PT.
CRSR at a discount.CRSR is in my opinion a very good company trading at a discount thanks to the current market conditions. Recently bought a Corsair gaming chair, and some RGB fans and mouse for my second PC that i hope to complete by the summer. No doubt that ill turn to Corsair for there amazing products, and I see this trading higher than it is currently at. The question is how long will this red last in the markets and how far down will stocks go.
$CRSR Ready to Bounce off Bottom of Price Channel?$CRSR missed on earnings but beat on revenue. As a result of the earnings miss and general market conditions, it has sold off and is now looking like it may bounce back to the top of the channel (TBD). I also like how the volume has been drying up as the stock declines. This tells me sellers are just about exhausted. I have an alert set just above today's high. If that triggers with buying volume and the market is good, I'll likely open a position. Ideas, not investing / trading advice.
from earningswhisper.com :
Corsair Gaming (CRSR) reported 4th Quarter December 2020 earnings of $0.52 per share on revenue of $556.3 million. The consensus earnings estimate was $0.56 per share on revenue of $531.0 million. The Earnings Whisper number was $0.61 per share.
The company said it expects 2021 revenue of $1.80 billion to $1.95 billion. The current consensus revenue estimate is $1.75 billion for the year ending December 31, 2021.
Share lock up again? How many times we gotta teach you old man. I like CRSR a lot, it's definitely not as big as LOGI, but with a significantly smaller market cap, it has a lot more room to grow. I can go into detail about the growing gaming industry, hence my bullish positions on GME, RBLX, CRSR, U, and other gaming stocks as a value play, but that's too far into the future.
What's happening now is that CRSR has some share lockups coming up on 3/22. I think this means CRSR will fucking DRILL under $30, as we have seen in PLTR, QS, SNOW. The sell-off always happens before, as part of a gentleman's courtesy. If it was so simple to buy puts or short the stock when there is a share lock up, it'd be the easiest fucking money. But fuck man you never really know. PLTR had a fucking beautiful 14% spike on the day of share lock up on a number of catalyst, but then proceeded to drop below $25.
A strangle would be the best way to play this. but I'm too broke for that. CRSR has not been breaking above the Bollinger Bands basis line often. If we do see a spike around this period, it will probably be to maybe $37-$38, I really don't see it coming near $40 again, unfortunately. Who knows, I can be completely wrong and the news of the stimmy passing in the house can yet all stocks up and CRSR can hit the upper band of the Bollinger bands. I'm pretty bearish short term just watching how PLTR did after their lock up period.
My play: buying a 35p 3/19 if there is a green day. Then, I'd like to sell a CSP and get assigned somewhere around the $25 range. Start the wheel on this bitch.
CROSAIR attacks our portfolioCRSR’s mid-term trend chart is presented. ____
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
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It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
$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.
$CRSR Long if channel is not broken.$CRSR has strong fundamentals, also nice TA setup to make a reverse movement somewhere next week and head to the top of the channel.
1st PT: $44-45
2nd PT: $48-49
My drawings are not perfect, you can adjust accordingly, but the overall pattern is clear as of right now.
Do your own DD, not a financial advice.
CRSR ChannelCRSR, a recent IPO showing relative strength in the gaming field, looks undervalued. It's been trading within this channel the past few months, since early December. It's currently bouncing off the bottom, and looks strong in this overall red market - we should see a continuation back to the 48-50 level. RSI bouncing off of support level, MACD turning green, and strong move off of the 50EMA, trying to break 20EMA. Recent reports have shown that Corsair is in a strong position to outperform other tech accessory competitors and that demand for PC components has been on a steady rise. I like this trade back to the highs, a retracement back to the bottom of the channel, and then a long-term swing from there.
Good luck traders!