OTGLY trade ideas
CD Projekt is holding strongThe bounce could be impressive as it is relatively one of better performing assets in recent market drawdown
at 218 and below there is huge buying volume
Healthy upwards channel. Looking for a good position to go long.The creators of the highly successful video game The Witcher 3: Wild Hunt. With a new release on the horizon 17th Sept 2020 - Cyberpunk 2077. There was a revised release date In January as the firm want to polish things.
As of the end of September, 2019 - no outstanding debt under any credit or loan agreements.
Looking quite interesting to me for long term plans, but do your own research.
cyberpunk 2077easy long till cyberpunk release. I still hope we gonna test mid bband but i doubt it. good luck
Watch out for getting into hype
We can see the supports.
CD projekt RED went insane with the last E3 conference with Keanu Reeves. Everyone is hyped on the Cyberpunk project. A lot of people wants to buy some stock of that company to earn a lot of money... but whales only wait for a moment like this.
You also can see that on 4h and 1d charts we can see bullish trend bouncing of the red line... but the trend is losing a little its momentum as we can see on MACD chart. Maybe its only a correction ... BUT!
BUT if we look at weekly chart we can see the Double Top with a little bulltrap on the second top... and looking on MACD it's very likely to go back to 162 Zlotys (trend support) or 123 Zlotys (second floor but for opposite trend if it's going to break 162 ZL, maybe its forming a bull flag?)
To sum up... I'm watching this company for some time and it's very interesting to see what will happen. Will the hype push it to the new ATH or a lot of people will be eaten by whales? Let's wait and see.
CD Projekt Red - I so want this, but ATH...I love their games and want to hold this stock, but it's too damn high and might even go higher ahead/after E3 2019. End of 2018 showed us this stock can easily shed half its value for some reason. I guess buyers couldn't believe how lucky they got that past year and jumped ship first sign of trouble. And rightly so. As pretty much all currencies, the Polish zloty is down against the dollar, but markedly little. Poland seems to still be going strong. P/E is an insane 189, dividend yield 0.51%, even doubling wouldn't do much. Margins are down, income is down. I think soon everyone will have 'bought the rumour' and soon 'sell the news' will hit, especially given the general market conditions. I think I should try and build a short position from the top of E3 hype and from the top of Cyberpunk 2077 enthusiasm, but idk how easy it is to short Polish stock in my bank and whether it's even a good idea at all. Probably going to stay hopeful for a dip to ~100.
E3 2019I expect new ATH and price discovery very soon. Before E3 or maybe after the presentaion of the new project(like witcher 4 or some kind of remake) or smth......
E3 2019 11.06.2019-13.06.2019
my previous idea:
good luck
CDRD DECISSION TIMEWhile global markets are struggling, CDR could still move up if current level holds, with Cyberpunk2077 launch been spected for this year. Will see how it works.
CDR - Witcher in troubleS&P500 ... officially in a bear market. BTCUSD - 80% below ATH. We have months of shorts ahead. It will take time - a lot of time to play out. This is just an indication of an idea.
CD Projekt (CDR) opportunity for short sell coming soonWe are approaching a really nice opportunity to short this nicely looking bullish run.
RSI showed bearish divergence before at the ATH already when we had higher high and lower high on RSI.
If we cross second yellow line, or maybe third - right at the break down or better after a retest.
I'd target latest volume area at around 100 levels.
I would love to see a 9 at TD Sequential indicator before going short.
