CRSR: Perfect Bearish-Gartley HarmonicEntry from below this price to the 0.886 level designated on chart.
Exit at the completion of 0.786 retracement/1.272 extension level.
Good luck, trade safely, and let's make that money!
CRSR trade ideas
Possible reversal in bear trendCorsair is a great company - heavily shorted at 31% short as I write this!
If support can be had at $26 in order to retest the hard-to-break $30 line, we could see a change in trend.
High risk would be get in at $26. Otherwise, wait to retest $30 after a breakthrough. Only after you have done your own research & you "like the stock".
Please don't take trade advice from some random dude in Florida.
Good luck!
Gaming stockBullish pennant.
Looks ready to move up again.
First pt is the 200 MA 34$.
Long term play for me.
But a swing could present itself here for interested parties.
DYOR.
CRSR Corsair Gaming (long)08/24/2021: Broke out of descending wedge pattern established in June
08/27/2021: RSI crossed over 50 line and has remained greater than 50
09/01/2021: 9 EMA crosses above 21 EMA.
09/01/2021: Awesome oscillator crossed over zero line and has remained greater than 0.
09/31/2021 - Present: Price has been rotating around a high volume node in volume profile around $29.
Looking for a retest of the swing high from 09/31 at ~$31. If this level can break, I expect price to return to its previous rotation at $32.
CRSR breakout started?Been DCA into CRSR during this recent sell-off, great fundamentals going forward.
** NOT TRADING ADVICE **
Wall Street Bets Rank :2WSB tries to squeeze this one: 35-43 could be the target, however, they could push this even higher..!(limited trading volume )
Market Cap: 2.66 B
Shares Outstanding: 93.8 M
Average Trading Volume (10 days): 1.83 M
Shares Short: 8.7 M
Short Interest(%): 9.47
Days to cover: +4
Change in Short Interest: +20%
Ownership Breakdown:
Institutions: 13.2
General Public:25.5
Hedge Funds: 57.8
Individual insiders: 3.5
Sum: 100%
Option profile:
Total OI:
Put Call Ratio:0.39
Put OI:
Call OI:
Highest Put:25
Highest Call:30
Max Pain: 27.5
Open Int (30-Day): 195K
Bullish divergenceLower low in stock price
&
Higher high on MACD.
The gaming industry is strong and growing. This would be a good time to get in under 30 if you're long on this stock.
Seeing Confluence on CorsairLooks like a bullish divergence on the 4hr and a break of the corrective downside structure. Looking for longs at around $26. Great play on 30+dte calls. Godspeed.
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 - reversal is next door?No long description for this chart - it tells it all.
The downward trend since end Jun crossing all Fib level and touching the bottom @ 25 and starting bounce back.
CRSR - 4H :: Drop in price - RSIThe drop in price can be a good buying opportunity. The RSI indicator shows values less than 50 and at the moment the price is in a support region.
Price recovery may be stimulated in the coming days.
$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;
$CRSR - 28.5 important level to breakAfter overreaction and panic sales and FUD driven by minor miss on earnings, the price almost closed the gap.
Important resistance to break is 28.5.
Then next key resistance level would be 31.5.
Analysts average rating is 40 with the lowest being at 31.
I'm with small LEAPS position @ 25, 01/23 in this name.
Did not beat earnings but strong core businessI think this can go on a rally above 30 easily, a strong company besides not beating earnings they have been growing their business everywhere, you are probably using one of their products right now.
CRSR up move??howdy, :))
CRSR has got earnings in just 5 days. looks like its been consolidating since march! its been over sold by what my indicators are telling me. i feel like we will see some solid gains. we know the gaming sector is hot and we know its not going anywhere. i bought shares today for the long run so lets see what happens. they usually make money so i like companys that make money
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.
Finally time to buy the dip ! CRSR LongCorsair is stabilizing at its key support level. The RSI is has entered very oversold territory this means that its our time to buy an incredible long-term company fundamentally at a discount !! I am long-term very bullish on Corsair and the entire Gaming Industry. This is a no-brainer trade with a pt target high in the skys !!
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) !!
CRSR, 2 billion Revenue with 2.8 billion valuation?CRSR reaching the 3rd standard deviation of a bollinger band
Statistics say it should pop back up to above 30 in the next few trading days
Stocks taking a hit because of the Delta variant of COVID.
We forget that this company grew tremendously directly due to COVID and it’s long term growth was anticipated to be slowed by decreasing in WFH
We are also at the absolute 0 of our Fibonacci levels. This is the last level of support
Current estimates say we should be reaching the 42 dollar level in the next few months for a retest of the .618 fib level.
Earnings soon, elgato released 7 new products last week, and this is all time lows. Sounds like perfect time to buy if you ask me? But you didn’t ask me so do your own DD and then buy CRSR after anyways
Time to load up Consolidation channel btw 30 usd and 36usd.
if the support doesn't resist we can see the price falling to de 26 usd.
Anyway its a good opportunity for the long run to buy shares
CRSR Corsair Gaming analysisCorsair Gaming NASDAQ:CRSR is a leading global provider and innovator of high-performance gear for gamers and content creators and in my view it is currently undervalued.
Their products are extremely popular in Southeast Asia and are the favourite choice for CPU liquid cooling, quality cases, memory and recently even quality fans, that can be customised with fantastic iCUE software. The company constantly adds new products to their portfolio.
The company also acquired Elgato Gaming, which provides technology for content creators, such as cameras, microphones, stream decks and even lighting, mounts and green screens. Elgato recently launched Facecam, a New Premium Webcam, Alongside Four More New Products for Content Creators. The quality of the product combined with the entire ecosystem is a major threat to NASDAQ:LOGI webcam business.
First Quarter 2021 Highlights are really impressive:
Net revenue was $529.4 million, an increase of 71.6% year-over-year. Gamer and creator peripherals segment net revenue was $175.9 million, an increase of 131.9% year-over-year. Gaming components and systems segment net revenue was $353.5 million, an increase of 51.9% year-over-year.
Gross profit was $160.3 million, an increase of 103.9% year-over-year, with gross margin of 30.3%, an improvement of 480 basis points year-over-year. Gamer and creator peripherals segment gross profit was $68.9 million, an increase of 211.1% year-over-year. Gaming components and systems segment gross profit was $91.5 million, an increase of 61.9% year-over-year.
Operating income was $67.3 million, an increase of 404.5% year-over-year.
Adjusted operating income was $80.4 million, an increase of 221.4% year-over-year.
Disclaimer: The information is not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort.
