CDPROJEKT
Updated

Hitting support line soon. Bounce back possible.

289
CD Projekt Red was trading perfectly in the downwards channel.

Interesting spot will be at ~141 PLN. Intersection + Support Level.

Major bounce back possible:
  • Earnings at 22nd April will be best earnings of company's history
  • Short Interest is currently very high (51%). When shorts get covered there will be a big impulse.
  • Cyberpunk DLCs and addons in the making
  • Possible Multiplayer of Cyberpunk
  • Witcher Franchise gets extended
Earnings at 22nd April will be best earnings of company's history



Note
Clear breakout from the downwards channel with green day candle!
-> Turnaround is initiated in my opinion.
-> Will open up long position.

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