Quick Look at CorsairI like $CRSR as a company, and they are bullish but waiting for a pullback to take a position
0A95 trade ideas
$CRSR retested supportAs it was laid out previously - the retest of major support line @ 37 with false break last week is done.
Bouncing upward towards trendline and major fib resistance @ 43.
Gaming season will continue fueled by stimulus.
PS. Refer to related posts
$CRSR back to trend line$CRSR can it hold the trend line? Or will we see $33? Waiting for confirmation before initiating a position
$CRSR - I am long, but needs more time. Got rejected$CRSR - I am long, but needs more time. Got rejected
$CRSR price action confirmedPrice action trend is being confirmed.
I'm considering the entry based on today's half day action.
Thoughts are welcome.
CRSR - Reversal back to ATHCRSR is a new face in the market but a recognized brand in the gaming world for their graphics cards.
+ down trend reversal
+ EW PT $52
+ Cup and Handle Pattern
CRSR Sideways for the weekTwo possible routes for price action but both should get it to the $38.20 range which coincidentally is the 38.20% Fib retracement for both sides of the recent move. RSI, MFI, MACD, all turning down on the 2hr so it will likely take the low road.
No weekly options on $CRSR so no max pain to watch out for. Max pain for 1/15 is $35 so maybe a move up for next week.
$CRSR key level back-test weekPositive for this stock for 2021.
Still it may open up better entry options if 50% fib level @ 32.50-33.00 will be broken.
If the resistance will be back tested upward then potential entry above it.
Let's see & wait.
Like if you agree.
ABC BullishCRSR went a bit parabolic for a while, too much and too fast. Became extremely overbought, then crashed and burned.
I noticed NV stayed high through the whole ordeal.
Short interest in a bit higher than I like at 8.53%..
CRSR his pushing through the small gap down and is not overbought. Monthly and weekly candles are bullish.
The 5 day moving average is tilting up and perhaps trying to cross up through the 20 day MA. The stock is approximately 4 months old so there are no long term moving averages yet, which can be a disadvantage.
I find sometimes looking on the 4 hour timeframe can help when a chart lacks long term information. Even the hourly in some cases.
Patterns fail. This could turn down and form a gartley or something..lol.. we just have to make an educated guess.
Not a recommendation
Good to research using your method of trading, be it channels or support and resitance etc. I am a pattern trader most of the time but not everybody is.
The target is D. I estimate targets at the fib levels. I used the built in auto-fib on this one instead of the drawing tool. I usually use the 0.38, 0.62 and 0.79 which are rounded, so these are approximate as the true fib levels go into decimals etc.
Happy Holidays!
CRSR LONGHello all!
Corsair Gaming is looking mighty juicy after reaching ATH at 51.31. I am expecting a 0.618 up to a 0.786 retracement after the recent dip from the ATH.
Technical breakdown:
High EPS: Bullish
Volume Profile: Bullish
Fib retracement: 0.382 more run up before reaching the sacred 0.618 zone
MACD: Potential crossover, bullish
General market incentive: Bullish
Price target: 44.14 - 47.33; short term (1-3 months)
Change in direction ? - 1hrLooks like CSRS is ready for a change in direction as it just broke out of a descending channel and bounced off of the 200 SMA
I like the fact there's only 17 million shares floating around so I'm taking a position here at $36 with a SL of $34. Will add to it if we can get support at $36.70.
I have a good feeling we can see this one hitting +$50 within a few months.
*These are my own thoughts and price predictions based off of my own analysis*
YOUR MONEY IS YOUR RESPONSIBILITY
Would love to hear your thoughts about this company as well!
CRSRKeep an eye on this guy.....double bottom, field goal.....let's see if can put another run from here.....
what a trendbullish since that start! i love charts like this :) this might be the dip entry a lot of you are looking for. but nothing is guaranteed in this game.. so remember , dont bet it all on one play ! gl :)
Simple Trendline for a buying oppurtunity on Corsair.Pretty straight forward, scouting a position along this trend line. Will be watching for support and momentum from a dip buying.
CRSR long over 342320% earnings growth QoQ yearly
Gamer and creator peripherals. Includes our high-performance gaming keyboards, mice, headsets and controllers, as well as our streaming gear including capture cards, studio accessories, and microphones, among others.
Gaming components and systems. Includes our high-performance power supply units, or PSUs, cooling solutions, computer cases, and DRAM modules, as well as high-end prebuilt and custom-built gaming PCs, among others.
2.4x EV/S LTM
19.7x EV/EBITDA NTM
