CRSR trade ideas
CRSR FORECAST Looking bullish, but the market keeps dumping waiting for signs of recovery on 6J1! before taking any calls on the CRSR. I'll just need to keep my composure and wait it out.
$CRSR super undervalued stockElliot Wave representation, 2nd wave finished on this ABC correction. Confirmed by 0.618 retracement + complex flat correction in B wave.
Stock stats:
MC - 3b
Revenue Growth +55%
EPS Growth - 514%
Growth Margin - 30%
Industry average 30b.
Does it sound like 10x to YOU?
CRSR - Key Support Areas to WatchAs CRSR continues to leg down, keep an eye on these support levels based on historical trends.
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 $1.75 billion for the year ending December 31, 2021.
Crsr Falling Wedge Pattern!! Let’s get this boys, easy gains to be made, target of 44$ soon
In 4 a few hundred shares
Not trading advice 😉
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 $25 range. Start the wheel on this bitch.
CROSAIR attacks our portfolioCRSR’s mid-term trend chart is presented. ____
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
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The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
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$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!
$CRSR 2/22$CRSR perfect bounce off 50EMA and bottom of channel. Currently showing strength in a red market day, up over 6%. Look for this to continue upwards toward the top of the channel.
Looking to buy CRSR? Now is the time.Price is once again sitting on the trending support line, this is a great entry point for the next swing to the upper $40 range.
CRSR longCRSR has a great long-term potential in the gaming industry, which probably would get even bigger in the following years. It sits at a very good risk/reward for long-term play, especially after the recent pullback.
Couple of points to consider for swing trade:
1- It is sitting at VPOC on the 4h chart.
2- Following its uptrend in pitchfork
3- Has strong supports around 36, 35, and 32.
4- short-term target 48.
Trade safe!
CRSR - ready your corsair mouse to click buyWaiting for the MACD divergence on CRSR to finalize then will enter Calls. Nice channel up, above 200EMA and Signal line below 0 ready to cross, pin bars forming and if you through the bollonger bands on also pinning off the lower band as additional confluence... Confirmation in TRND bot buy signal sent to my phone will enter.
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