Good potential on technical and fundamental levelsTechnicals and fundamentals can work well together for this one. $CRSR
CRSR trade ideas
CRSR Breakout imminent Should go to upper resistance line at around $45.
Anything below $30 is an absolute must. It won't go under $29.50 as this is the support line.
Should see 50% gain within next 2 months
CRSR - Elliot Wave Theory, Cycle DegreePotentially entering wave 3 of an ascending Impulse.
Recent Earning Highlights:
In the first quarter of 2021, CRSR generated $529.4 million in net revenues, increasing 71.6% year-over-year. Its gamer and creator peripherals segment’s net revenue was $175.9 million, surging 131.9% year-over-year, while its gaming components and systems segment’s net revenue was $353.5 million, rising 51.9% year-over-year. Notably, the company introduced 29 new products during the quarter and reported a 12.7% operating margin. Its adjusted EPS came in at $0.58, surging 420.4% compared to the year-ago value of $0.13.
Recent Catalyst:
On May 13, CRSR unveiled a new model in its flagship Virtuoso family of premium gaming headsets, the Virtuoso RGB Wireless XT that connects via hyper-fast slipstream wireless and Bluetooth for simultaneous dual-wireless connections. In April, the company launched its One a200 gaming PC, powered by the new AMD Ryzen 5000-series CPU, and it’s One i200, powered by the new 11th Gen Intel Core CPU. These systems are equipped with NVIDIA’s GeForce RTX 3080 and thus raise the bar for gaming and streaming-ready compact PCs. In addition, , CRSR launched three new products in its Champion Series range of peripherals last month that are built for and tested by top eSports professionals.
Note: I always delete all other wave types after selecting which wave I am most interested in tracking.
I currently have no position in this ticker.
CRSR consolidating. Daily chart on CRSR shows consolidation going on as it is trading sideways. That is a good sign as it is a sign of calmness before the storm. Great entry point in my opinion as this is a great company that has a lot of potential. Planning on building another PC and will definitely be buying Corsair parts. Very bullish in this sector. Giving this a price target of 60 dollars. MACD is in the red getting ready to close and turn green.
CRSR Ascending TriangleCRSR appears to be trading within the same ascending triangle that it has been in for the past 60 days. A breakout will be considered when a daily candle closes above the $36 price. Afterwards, the potential exists for quick price movement back to the $45-$50 range. Anticipate positive movement on this stock, especially considering the strong Q1 ER.
LONG CRSRUpcoming industry.
Looks bottomed out.
Failed to break resistance once, i expect it to try again.
2 great earnings.
I like this long term too.
DYOR.
Good earnings twice in a row.
Tried breaking resistance once but got rejected.
Looks bottomed out and good move back up.
Swing is possible but i like this longer term, at least 6 months to a year.
DYOR.
Long #CRSRNASDAQ:CRSR I am not a financial advisor. These thoughts should not be used as professional advice.
Attached is the most recent earnings report Q1 2021.
$CRSR on Consolidation Breakout Watchlist$CRSR has been a mover in the past. As you can see, it's been consolidating for some time now. They reported earnings yesterday 5/4, and beat. I'm looking for this to break above the previous high in this consolidation area at which time I'll be looking for a logical entry with a tight stop just below the top of the box I've drawn. Ideas, not investing / trading advice.
From earningswhispers.com:
Corsair Gaming Beats
Corsair Gaming (CRSR) reported 1st Quarter March 2021 earnings of $0.56 per share on revenue of $529.4 million. The consensus earnings estimate was $0.34 per share on revenue of $449.7 million. The Earnings Whisper number was $0.38 per share.
The company said it expects 2021 revenue of $1.90 billion to $2.10 billion. The company's previous guidance was revenue of $1.80 billion to $1.95 billion and the current consensus revenue estimate is $1.90 billion for the year ending December 31, 2021.
Corsair Gaming, Inc. is a leading global developer and manufacturer of high-performance gear and technology for gamers, content creators, and PC enthusiasts.
$CRSR Inverse H&S + 50MA + HammerCorsair has formed a bullish inverted head & shoulders pattern. It also made a hammer candlestick and closed above the 50MA today on the daily chart.
Looking for continuation to the upside!
Fundamentally undervalued company.
TTCF and CRSR Eliot wave and consolidation forming.Expect High growth from earning. Logitech expect high earnings.
Once CRSR breaks out of consolidation it will have a strong correction to all time highs
CRSR: W for Winners (at least partially)CRSR bottomed out on March 5th and had one higher low so far, which is arguable but still counts as a bullish signal in a combination of the double bottom it has formed (green arrow icons). That combined with "widening" MACD and the fact that it has broken out of two different downtrend lines (yellow lines), the continuation of a full W is more likely than the bearish scenario (red arrows).
So from now, CRSR should hit 35 first, and retract to test the red line again. From there, there will be two scenarios depending on how the yield market is going to behave and influence Nasdaq.
The first and more likely scenario is to go up to 44. We had a nice bearish market which seems exhausted to some degree, making this scenario a more likely event. Of course, it won't be as pretty as I drew it but you get the idea!
The second scenario would be too ugly and is going to be similar to all other IPOs which usually crash after their initial run. If this scenario goes through, be cautious! Because in that case, my target (the red question mark) would be an "overestimation" and CRSR will be flushed further down the toilet. But again, considering the fundamentals of Corsair company including valuation, cash flow, profit margin, price per earning and etc., the ugly scenario is unlikely.
Thanks
CRSR Old RessistanceWith volume I think this pick is golden. Great company with great technicals. Chart speaks for itself.
Longterm PlayFor those interested in gaming and streaming, this is a nice option to diversify with.
Great potential in 3-5 years but it is a higher risk factor.
They also own Scuff gaming and create gaming PCs.
Using a more fundamental approach here.
CRSR🌦Took a bit of a hit on my corsair calls so far. Was up almost 15 % in the fist few days of purchase. This is a testament to just how volatile options are compared to shares. If your options don't move in your desired direction theta will become more and more powerful with every passage of time. For this reason I adamantly select long dated call options (minimum 3 months ).
Corsair Gaming: Value in growthPerfect candidate for wheeling
Reasonable valuation + growth potential + excellent IV (currently low IVR)
I have a long term position with OTM CCs
Also swing with ITM / ATM CCs
Just sharing my thoughts, this is not investment advice, must do your own research & analysis
All the best
CRSR daily projectionsNo volume at weekly demand at $30. Waiting to see if weekly demand at $24 happens for a nice entry.
False break down or another 10% correction? Dear Traders,
I hope this is a false break down of our beautiful upward channel but if it's not, it's likely that we go further down to our support level at 36.20. Otherwise, we should see a trend reversal following previous price movements and hit 50 in about a month.
Of course, market does whatever it likes to do and these prediction might not mean anything but should give us a clue while we keep an eye out for CRSR price action. Also this is not a financial advice and I'm not a financial expert.
If you enjoy this analysis please give me a thumbs up and leave a comment. This will motivate me to keep going!
Thank you
AH
