0A95 trade ideas
Is CORSAIR ready to fly high?CORSAIR is a leading global developer and manufacturer of high-performance gear and technology for gamers, content creators, and PC enthusiasts.
After 3 months of consolidation CORSAIRs stock seems to be ready for next move higher.
Disclaimer
The writer 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 Run Up into EarningsThey crushed last earnings. Logitech is doing great. The company has good products with outstanding reviews (look at Amazon). They're growing quick, and more people are gaming during quarantine.
Also a beautiful channel is forming. I picked some up when it bounced off the bottom. I'm expecting a run up into next earnings.
I'm still learning a lot- this is just for fun for me to see how well I do.
Uptrending channelLast Friday, we had a giant volume, it was a clear bottom.
I think we are going to have a continuation in the near future
CRSR Daily with Fib RetracementTextbook long setup. Will be taking calls this week, looking for PT of high $40s in the next few weeks.
CRSR - looks set to go above $40 CRSR is at an interesting price level. Most institutions bought at ~26. If markets co-operate, this will pop. The industry trends are extremely favorable.
$CRSR perfect bounce from bottom of the channelsTrading inside the channels
perfect bounce from bottom channel ..
should hit the top channel soon
CRSR almost ready to help us make easy money (+20% in 1 month)I wait till the price goes down to 35.20 and going to open long until the price 44.35
the company id profitable and definitely will be one of the winners from the US bonus packet
NASDAQ:CRSR
CRSR - Tripple bottom heading to new All time highs 🚀Tripple bottom and heading to new all time highs
🚀
CRSR Bullish Symmetrical TriangleA nice Bullish Symmetrical Triangle has formed on CRSR...It has just hit bottom support line and I anticipate a strong bounce back up to top resistance where it will attempt to breakout... If a breakout does occur we should see some nice upside to $50+...If breakout is rejected I anticipate the pattern will continue with a drop back down to support line followed by a bounce back to top resistance where it will attempt another breakout.
CRSR Entry Under ~$35CRSR earnings are 2/10. People have been gaming and buying PCs. Did you see the Gamestop holiday sales alone? All the crayons look pretty. 40c or 45c 2/19. I had the chance to buy CRSR at IPO for $15 but was a broke bitch ): Missed the same huge spike on Unity($U) back around $90. All the stars aligned in all the time frames and I still didn't take the naked call because it wasn't in my risk profile. New year new risks.
SCARED MONEY DON'T MAKE MONEY.
Side note: I believe GME is trying to enter the gaming PC space. If they can be like Newegg or better, GME to over $1000+
You can’t beat the marketToo many who are engaged in trading, try to guess what will be the exact short-term future course of the traded security (stock, commodity, etc.)
they are dealing with. Behind this futile effort is our ego that is convinced that we are smarter than the rest and so we can predict how the security
will move in the short-term, to take a suitable position and beat them.
I remember myself planning on paper, many years ago, how the market will move and making scenarios. Every time I broke my face, and so I realized that,
almost always, it is impossible to predict the short-term course of the market. I write almost always because sometimes your predictions actually come true,
but that's because the market wants it because it's a trap.
Now I want to be very specific about what I mean by the vague term ‘market’.
There is a widespread opinion that prices are formed by all of us who participate in the market through supply and demand – bulls and bears.
This view argues that an institutional investor or fund managing billions and a micro-investor have the same weight in market price formation.
Of course it goes without saying that this is not the case. The smart money (institutional investors, funds and powerful individuals) and the general public,
the small investors, are both shareholders in each security. Everyone aims to buy cheap and sell high. The truth is that only smart money has the means to do it.
So when I'm talking about the market, I actually mean smart money and its mechanisms because it is the smart money that shapes prices.
Thus the goal of the market is the following:
1) To get the public to sell at the lowest point possible during a crash, so that the smart money can buy at the cheapest price possible.
2) To get the public to buy at the highest point possible during a rise, so that the smart money can sell at the highest price possible.
So the small investor has to deal with the smart money and that is why it is extremely difficult to win in this fight, at least in the short-term.
Smart money with its means is always a step ahead because it controls the game. That's why you have to accept that it's almost impossible to beat the market in the short-term.
You cannot predict how it will move because it has all the current data (which you do not know) and will make whatever moves it takes to deactivate as many traders
(bulls or bears) as it can. The market is a master at deception. In each phase, the short-term course of a security has infinite ways to move and each pattern has the potential
to transform to a different one, depending on the positions taken by the other players in the market.
Here is an example where some of the possible metamorphoses of a formation are shown.
So if you can't beat the market and you can't predict its short-term future moves to get a suitable position, what can you do?
You can 'read' the movements made by a security in the past, using the tools of technical analysis. So you can see what is the long-term (years), mid-term (months)
and short-term (weeks) trend and understand the market's intentions for the future, i.e. whether it is intended to follow an upward, downward or lateral path.
Once you've made it clear what path the market wants to take, instead of trying to guess its short-term future moves, you need to focus on what market is doing NOW,
right now, and once the technical analysis gives you a medium-term input signal to hook up to the path the market has set until you get an exit signal, ignoring the short-term
misdirection moves it will make.
This is the technique of following the trend - you may have heard the saying 'follow the trend, the trend is your friend'. Here I must stress that if you are wrong about
the intentions of the market and follow the opposite path you must accept your mistake and close your position by taking your losses as long as they are small.
If you are a beginner or do not have sufficient knowledge of technical analysis, it is probable that you do not understand what I mean in the previous paragraph and I,
on the other hand, cannot make up for them in the space and time I have by making detailed explanations. That's why you should read books on technical analysis and
get the experience needed in real, in my opinion, conditions with little capital. Only if you lose and hurt, will you be forced to reflect on your mistakes and eventually
gain meaningful knowledge and experience. Then you'll be able to better comprehend what I mean.
Summarizing,
1) You can't beat the market in the short term. You can't predict its short-term future moves, so don't get carried away in short-term trading.
2) You can, with technical analysis, decode past market movements, determine what the long-term, mid-term and short-term trend is, and understand its intentions for the future.
3) You can monitor the movements that the market is making now and follow the medium-term trend it creates once you get an input signal from the indicators of technical analysis.
4) You can let your gains run.
5) You can exit the medium-term profitable trend if it goes to reverse as soon as you get an exit signal from the technical analysis indicators.
6) You can cut your losses early if you misdiagnosed the market's intentions.
A suitable system to implement what I mention above is the 30d/200d SMA system, which I have described in my post entitled ‘a trading system for rookies, simple, profitable
and capital protective’ you will find here
In fact this system is not only for beginners but also
for traders of every level who can simply, due to experience, apply it in the short-term.
Disclaimer
The writer of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
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.
Corsair has good upside with potential for a breakoutI am not an analyst or an expert, just a guy who looks at companies he likes subjectively, then looks at the technicals (to the best of my ability) objectively to predict future trends.
At this point in time, CRSR looks attractive. It has dropped from its $51 down to $32 and has bounced an slightly upward channel.
There is also a wedge forming on the daily chart, with higher lows from the channel supporting the bottom end of the wedge.
Using finviz, CRSR has a PEG ratio of .79, a forward PE of 29 (current PE is 51 today) and a P/S of 2.5
The current price is $36 as of writing, and has an average target price of $40 on tipranks (11% upside to AVERAGE PT)
LOGI, which operates the gaming and computer periphery space as well, reported better than expected earnings with great growth in it's keyboards and mice (products CRSR also specializes in). LOGI smashed their earnings, and I think CRSR will too.
Even doing a google trends search of "corsair gaming" yields a strong uptrend in popularity that may not be fully priced into the stock. Their most recent holiday season saw RECORD searches.
What do you think of my analysis? I would love to hear feedback, agreements / disagreements and why.
Corsair Bullish pennant playing out. Daily chart show a bullish pennant. Corsair just had some nice Pc cases released, and they look very nice. Just bought a new case and CPU cooler from corsair for my 2nd pc build. Will be spending more on corsair and see this going higher. Bullish on CRSR
CRSR 3 Driver Pattern LONGCRSR has been trading in a channel for the past 2 months. It's now forming a textbook 3 Drivers pattern on the daily and hitting the lower bound of the channel soon. I think this one has potential.
Entry: $34-$35
Exit: $44 min. within a couple of weeks
Bullish Short corsair post earnings price projectioni can see this consolidating towards the 35 support level and re consolidating over the next couple weeks to make a build up. as u can soo top resistance has been getting rejected with signs of strong buying on the support. as long as earnings beat again i see this hitting a price target of 62$ exit. will enter between the resistance and support to gain a better position. exit price of 62$ stop loss at 44-48$
CRSR Technical AnalysisCRSR 18JAN21 1D TimeFrame
Wait for reversal around buy zone area. MACD and Stochastics shows bearish days ahead, however possible reversal around the buy zone area.
The buy zone area have 3 overlapping supports and can be interpreted as possible reversal zones. (1) Channel bottom support, (2) 33.77 previous swing low support , (3) 50ema area. Additionally the buy zone is around the 61.8% Fibonacci level.
A conservative target would be at 41.24 (61.8% fib and channel median), mid target and if price follows channel trend and happens to be 100% fib at 45.88, and high target 53.35 (less probability but not impossible)
Stop loss just below 50ema or below previous swing low
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
Corsair in a Buy ZonePost IPO CRSR had a nice strong trend, and a good run up, then the price action got a little exhausted, RSI got a little overcooked, then it corrected. Since that time, for the last month and half, it has bounced between the 0 and .236 Fib levels. On Friday we reached out and touched the 61 EMA before some buyers stepped in and pushed the price back up for a bit, but the overall sentiment was still bearish at close. I feel, if we can get some volume, we will break out of this fib channel we are in, and head for ATH. I am in with shares and LEAPS, and am overall bullish on this company. I like their products, I use their products, and If I can pay for all the equipment I bought of theirs off their stock, that's a win all around. Although one of the newer kids on the block when it comes to computer accessories, they are still fairly well established and their products are held in high regards by gamers, and computer users the world over. They are still negative on net profit, but they had over a billion dollars in revenue last fiscal year, and they are growing and improving every quarter. I could see this at $60 within the next month or 2 and that is my price target for my shares. I will hold my LEAPS until summer most likely.
Let me know your thoughts, and feel free to drop your charts in the comments below, about this or about any other ideas you're really excited about.
Love & Prosperity Everybody!
