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...
The actual downtrend are getting weaker, soon the rise will start, i expected in 2-3 days at least.
Just finishing up my watchlist for the week, had a lot this week so I wasn't really able to get to much into my reasonings for the potential entries. Pt. 1 is also posted. Again, since due to the amount of additions to my watchlist this week I ran out of time for the video. If you have any questions at all about my thoughts on any of the tickers in the video...
Elliot 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?
S/L @ $32 taking profits along way
Let’s get this boys, easy gains to be made, target of 44$ soon In 4 a few hundred shares Not trading advice 😉
Looking 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.
NASDAQ:CRSR Still holding channel with good volume.
$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.
Likely to see CRSR hit top of its channel
CRSR, 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...
Market Cap of 4B just seems small at this point.
Waiting 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. If you like the idea be sure to...
Please 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$
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.
Looking 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.