CRSR channel may be forming CRSR looks to be emerging into a channel where it could be for some period of time. Keep an eye out for the run up to earnings.
CRSR trade ideas
corsair triangle/ pennant breakout targeting 58.40looks like it may come down and retest, definitely will step in and buy if it does.
this fib retracement currently has heavy influence over what price is doing in this range
CRSR - ER Run Up PlayBeautiful set up here on CRSR currently. Coming out of a corrective wave cycle, it has kicked off it's Wave III. I particularly like the deep retracement on Wave II as that could trigger the rule of alternation which indicates that Wave IV will be a flat/shallow retracement. We can play 2/19/21 contracts to play the ER run up and also swing a few if you're feeling lucky!
CRSR has immediate price movement in it's future, Breakout SoonCRSR is in a bullish pennant and has tried to sustain itself over 40.00 3 times. 3rd times a charim isn't it? Corsair is a gaming industry regular and with it's recent IPO settling down, it looks ready to make a move to the upside. Gaming companies have been doing relatively well during this pandemic and with more lockdowns looming. The gaming industry is sure to go forward with continued strength into 2021.
No man's landThis is absolutely a no-trade territory.
We could break out of the bull flag, or it could be a huge Head and Shoulder pattern.
Who knows...
That is why we gonna wait.
If we can stay above 37.24, it will be our sign to go long.
In the other case, short it
Do your DD before entering the trade
CRSR MACD looking bullish. CRSR was a winner for me and looking back at the chart the daily seems to have a bullish pennant. MACD is closing red getting ready to go green. Putting a 50 dollar price target.
pennant formingbuy would be when it breaks and closes above the top line and stop-loss would be when it breaks the resistance line
needs to get back in the channel to stay alivebroke trend channel and now its acting as resistance, look for a test of 33 in the near future
CRSR - Bullish BAT + FIB - Does it look right?Fallback to 34.8 and then up. Any Feedback is welcomed, :-)
$CRSREntry price : 38.40
Fundamentals :
Sector: Computer
EPS % Chg (Last Qtr): 382%
3 Year EPS Growth Rate: 45%
EPS Est % Chg (Current Yr): 283%
Sales % Chg (Last Qtr): 61%
3-Year Sales Growth Rate: 43%
Annual Pre -Tax Margin: 2.6%
CRSR Potential Breakout MACD Curling, RSI looks good, techincals all points to a breakout for CRSR as the stock has been flagging the past few months.
Quick Look at CorsairI like $CRSR as a company, and they are bullish but waiting for a pullback to take a position
$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
