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 trade ideas
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.
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 still dropping but reaching the bottomthe yellow box is the long term buying zone reaching the bottom would be $29 ish to 31 being the top of the buying zone. The red lines show a large resistance to support zone. Buying now to 29 is easy money in a month or so.
Corsair analysis. CRSR has been one that has been disappointing, but at the same time excited about the future of this company. This PC i am currently on writing this is mostly all Corsair products and have not had any issues with any of there products. Planning on building a 2nd PC and will definitely buy Corsair products again. Looking at the daily chart on this it has not done much, but move sideways and got that move up on June 14 which turned out to be a false breakout. Price action on this has been boring with no big moves up nor down. I have been averaging down and will not sell anytime soon as i see this company benefiting with recent news of graphics cards going back to normal stock. Once gamers are able to get there hands on them i see alot of gamers updating or building new pcs which will mean revenue for Corsair. My price target for Corsair is 50 dollars.
CRSR LONGLooking for long-term entry on CRSR as per the chart analysis.
** Not trading advice **
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My View on CRSR CRSR is currently trading at $32.52. Stochastic RSI hit oversold, strong support level at $30.94
I thought it would bounce to the $39 - $40 (around 22% gain).
This is quick money, it would bounce soon IMO.
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This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.
$CRSR Calls 45 Nov 19th, possible Return +302%Corsair Gaming, Inc., together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software. It also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs, and others; and PC gaming software comprising iCUE for gamers and Elgato's streaming suite for content creators. In addition, the company offers coaching and training, and other services. It sells its products through a network of distributors and retailers, including online retailers, as well as directly to consumers through its websites. Corsair Gaming, Inc. was incorporated in 1994 and is headquartered in Fremont, California. Corsair Gaming, Inc. operates as a subsidiary of Corsair Group (Cayman), LP.
10/20%+ gain possible for Corsair Gaming IncWe are currently at support and since march we didn't make new lows. The first ressistance is around 33.20$~ and needs to break and close above for achiechving it as support.
Limit buy: between 31.64-31.47 $
My first take profit: 35.49$ (12%+) and second take profit: 38.82$(23%+).
What do you think about corsair gaming?
$CRSR entry PT 29.60-30.92 Target PTs 49-95 and higherCorsair Gaming, Inc., together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software. It also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs, and others; and PC gaming software comprising iCUE for gamers and Elgato's streaming suite for content creators. In addition, the company offers coaching and training, and other services. It sells its products through a network of distributors and retailers, including online retailers, as well as directly to consumers through its websites. Corsair Gaming, Inc. was incorporated in 1994 and is headquartered in Fremont, California. Corsair Gaming, Inc. operates as a subsidiary of Corsair Group (Cayman), LP.
CRSR Harmonic: Let's RideI wouldn't normally expect this prz to be lower than previous averages in price but the other possibilities didn't seem to make sense; therefore, I expect price to reach down below where it started before the run up. Goode luck and trade safely!
US :: CRSR resistance become supportDESCRIPTION:
Corsair Gaming, Inc. designs, markets and distributes gaming and streaming peripherals, components and systems principally in the United States and internationally. Corsair Gaming, Inc. is based in Fremont, California.
TECHNICALS :
price breakout resistance - 35.80
next target resistance - 50.00 / 55.50
support - 28.50
CRSR is shariah compliant ( ZOYA )
consolidation channel at the 61.8% fibb retracement + fndamntlsCorsair main competitor: Razer
Razer Revenue: 4 times bigger
Razer Gross profit: 5 times bigger
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Razer EBITDA: 209mi
Corsair EBITDA: 203mi
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Razer Market Cap = 20bi
Corsair market Cap = 3bi
I see some discrepancy when I look at the market cap of corsair, it should be at least 5bi, meaning the stock has a lot of room to grow.
Second point, the corsair stock is trading at a very good consolidation channel at the 61.8% fibb retracement. We should expect a breakout soon.
CRSR BUY/LONG INCOMING BUY ENTRY!! 35.00-51.00 BY SEPT 2021 !!TICKER CODE: CRSR
Company Name: CORSAIR GAMING INC
Industry: TECHNOLOGY SERVICES, PACKAGED SOFTWARE.
Position Proposed: BUY/LONG
Entry: NOT READY (35.00-36.50)(VERY SOON)
1st Partial Take Profit: 51.00 (OCT 2021-DEC 2021)
2nd Partial Take Profit: 65.40 (APRIL 2022-JUNE 2022)
Stop Loss: 31.45
Technical Analysis
1. Flagpole + Falling wedge Indicates a BUY/LONG to the stated TP levels.
2. Adding on the Fibonacci retracement and Expansion on SIlver and Gold levels, 0.618(27.76) and 1.0(65.65) respectfully
3. Potential Inverse H&S forming to complete the Falling Wedge Retracement levels (35.00-36.50) before completing the second shoulder(40.65)
4. RSI indicates an overbought scenario therefore advised to enter at stated levels(35.00-36.50)
CRSR - Life is a game, gaming is life! 🕹️-Major industry tailwinds seem to be helping Corsair achieve strong growth rates. In the first quarter, its overall revenue grew 72% year over year to $529 million. The company also continues to see improved profitability, as gross margin jumped from 25.5% a year ago to 30.3%.
-The company supplies equipment for both the console and PC gaming markets, which combined account for more than 1 billion players globally. As platforms like Twitch and YouTube have helped promote the rise of esports, casual gamers are growing more competitive, and gameplay streaming is becoming mainstream.
-To facilitate the viewing of esports competitions, high-performance production systems, top-quality equipment, and software are required to mold it all together -- and this is where Corsair fits in. Whether the hardware one needs is a pair of high-end headphones for communicating with teammates, a top-tier gaming PC, or a custom controller for your console, Corsair supplies it all.
-It's the leader in gaming systems with a roughly 42% market share in the PC components category. Though skeptics might question the size of Corsair's market opportunity, the company itself seems to have no doubt. In its S-1, the company noted that in 2019, 94 million of the 524 million PC gamers globally spent more than $1,000 each on their gaming setups.
CRSR - BonusPossible squeeze play by WSB for the week. Long period of accumulation on a relatively cheap nap. Low risk to keep a foot in the door.
$CRSR PT 48-70 and higher Corsair Gaming, Inc., together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software. It also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs, and others; and PC gaming software comprising iCUE for gamers and Elgato's streaming suite for content creators. In addition, the company offers coaching and training, and other services. It sells its products through a network of distributors and retailers, including online retailers, as well as directly to consumers through its websites. Corsair Gaming, Inc. was incorporated in 1994 and is headquartered in Fremont, California. Corsair Gaming, Inc. operates as a subsidiary of Corsair Group (Cayman), LP.
