CRSR 2/21$CRSR previously had a possible breakout, now re-testing. Dropped right to 50EMA and RSI hitting support, looks ready to bounce again. Could also be at support within its channel.
CRSR trade ideas
$CRSR possible opening of 3 leg of Elliott wavePlease see the channel up formation after completion of the 1st leg of Elliot wave,
Possible move in a huge 3d leg.
The company is clearly undervalued: P/S - 2.08
MC - 4 bil $
Rev - 2 bil $
Q EPS Growth - 70%
Peers MC - 15-20 bil$
CRSR: accumulation on its strong support lineCRSR’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.
Disclaimer
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,
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 bull flagging for next leg up?Accumulation has been occurring since November and CRSR has created a nice bull flag pattern. A strong volume shelf has been built up between $36-$40. The close today was right above the volume profile POC. Hoping to see upside momentum next week, with increasing volume. Will look for a break through of the bull flag and then possible re-test of the ATH at ~$51.50.
$CRSR looking for a long entry - Price targetLooking to enter $CRSR on the break of the pennant to the upside to go long.
However, pennants can be bullish/bearish based on how the price moves out of the pennant. The same logic can be applied to go short if the price moves down out of the pennant.
CRSR update**The current trade idea is not financial advice.
I am still bullish on this stock.
The Blue dotted line is the fast projection to trend continuation towards price targets.
The Green dotted line is the slower projection.
I will play my trades according to my opinions of the current price action at these levels.
(Original trade idea is included in link)
Buy zone reached, strong fundamentalsHi all - I'll keep this short. CRSR reported best in class results, with stellar growth numbers in an industry that is waking up from it's niche appeal to establish itself as a major economic contributor for the long term.
CRSR: its technical picture is still positiveThe CRSR'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.
Disclaimer
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,
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 - Free $18???I sold a $30 put for $18 and the put expires in 8 days..... I highly doubt this stock drops over 25% in 8 days. So, I thnk this will expire worthless. #FreeMoney
CRSR uptrend post earnings trend possibilitiesHigh Trend (Top Red)
- Time frame targets are based on the back tested progression decay from previous High-to Low-to High moves.
- The high trend line price targets are based on a progression of Fib Extensions back tested by previous moves.
Mid level (Yellow)
- Time frame targets are based on the crossing of progressive Fib Extensions and the uptrend resistance line
- Price targets are also based off of standard Fib Extensions of previous trend.
Caution Lines (Orange Lines)
- Projections of possible lower resistance than expected by High Trend line
- Prices are based on 1.272 fib extension levels
Dip Buy Zone (Green)
-Buy zones are supported by the bask tested ascending support line of the current up trend.
Gap Down (Dotted Red)
- The area between the two dotted lines indicate a possible gap down into down trend
**If there is a trend cross down it can be assumed that the lower support will be tested once the mid-level is confirmed as a resistance
**If there is a trend cross up it can be assumed that the upper resistance will be tested once mid-level trend line is confirmed as support
50% or more upsideBroke out of triangle at 3 Feb and forming an ascending triangle now. It has dipped despite of good earnings result which is likely due to people selling after the news. Regardless of the technical I think this is an undervalued stock.
I believe this will recover and break towards the upside and is at a good entry price currently.
CRSRClean breakout of both horizontal resistance and oblique (hammered it on friday). See what happens next.
Long CRSRWe could see how CRSR regain momentum about $46 to $49-50. There has been a nice consolidation over the past months above the $35/40 levels, we should expect the $42 to hold and if not we should get out of the trade.
$CRSR changing its short term trend?$CRSR price has successfully breakout from its accumulation box after testing the resistance a few times. The last candlestick pullback to test its resistance become support with low volume. Current resistance at $51.37 and need to be careful if the current resistance become support is broken. Probably going to mark up phase after a short accumulation phase. Earnings report for Q4 is expected on February 9. This is merely an idea and not a buy call.
CRSR: its technical picture is very positiveThe CRSR'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.
Disclaimer
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,
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.
CSRS 🚀🚀🚀Emoji’s for the tards looking for quick gains. This is a 3 rising valley with bullish divergence on the RSI and earning on Tuesday the 9th (Daily pattern). Stop loss with targets based off previous high, pattern completion, and 1.618 Fib level. Good luck traders.
