Classic Gartley set up from corsair. - retracement off XA went to 0.168
- retracement off AB went to 0.618
- now the current price target is the 0.618 fib level drawn from CD leg.
- bullish RSI divergence
60% squeeze coming in next few weeks...
0A95 trade ideas
Morning Star at PCZ of Bullish Gartley Visible on WeeklyCorsair for it's entire life has shown nothing but Negative Momentum on the Weekly MACD but now only after hitting the PCZ of a Bullish Gartley has it decided to print a Bullish Candle Stick Pattern and show a Curling up in MACD Momentum; this may signal seller weakness and if this continues we will see the first bar of Positive MACD Momentum in the asset's Entire Lifetime, that may lead to a Climatic Rising in Price, perhaps all the way up to the $50s in the coming weeks.
CRSR 19-01-'22(1) Macro Downtrend (Below 50/100/200 Moving Average). Sideway Trending (Meso)= Holding current Level(?)
(2) Break TrendLine=Next Phase --> Accumulation
(3) POC* = $31.9 + Most traded zones. Trend Currently Negative
Conclusion:
Downtrend, horizontal OBV (D)
Price Tgt #1: 25.82 - 26.7
Price Tgt #2: 29.24 - 29.85
Price Tgt #3: 19.27 - 18.22 (Demand D)
Review=
1. Break Demand D (!)
*POC=The price level for the time period with the highest traded volume.
CRSR LONGContinuing to DCA on the macro into CRSR ahead of 2022 which I hope will be CRSRs year.
Strong conviction in the company (still) and the price has been beaten down and showing signs of bottoming out around these levels.
Green cross on weekly MACD, bullish cross on RSI, Money flow bottom out (on weekly).
** NOT FINANCIAL OR TRADING ADVICE **
CRSR: Looks ready for a reversal?Going into 2022, CRSR is one of the more attractive companies to buy and hold. The company is vastly undervalued and is one of the major players in hardware gaming industry. They should see at least a 30% comeback within the next few months.
Monthly chart is oversold and price is holding up a major resistance at 20. On daily you can see the accumulation phase is completing and as soon as it breaks out of 22.5, this scenario will begin to play out.
#CRSR▶️ Music might start now! Price bouncing and creating H&S✅Hi All, my main 3 take-outs from this analysis are the following:
1- The price is bouncing from what seems to be a right shoulder of a reversal head & shoulder, visible in 4H timeframe but even more visible smaller timeframes
2- Next resistence to look at seems to be at around 21.7$, where there is also a nice gap to be filled.
3- If we manage to break this resistence, which is also the neckline of the head & shoulder, the next technical target would be the height of the pattern, meaning at 23.7$ apprximately, trying to attack then the higher part of the descending channel
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
CRSR Inverse H&SCRSR has been beaten down hard this year and can't seem to catch a break. It recently broke above it's downward trending channel and appears to be on the right shoulder of inverse head and shoulders pattern. A few potential partnerships could definitely help.
Don't listen me to though, I'm just an idiot that likes playing around on here.
Undervalued Stock Series #1 : CRSRThe share price for this company have been absolutely beaten down since February 2021.. and that is good for me.
The numbers for this company is good and several DCF valuations have suggested that the current price is on average 60% under the fair price.
On the technicals, there is no reason for me to buy some shares. Price trading way under the 100-200 EMA cloud and price structures doesn't suggest the bulls have taken over yet.
We wait. First sign I am looking for is the highs of the price structure is broken and moving way up towards the EMA cloud.
Small trade idea for tomorrow.This is risky please DYOR.
Gaming stock corsair has been beaten down lately. I hold this company long term because i like the products but its been a though few months.
Rsi looks oversold and shows a double bottom.
Looks to have bounce today.
Could be a nice day trade set up here for a possible 3-5% gain.
Id suggest using tight SL if entering for a day or swing trade.
Corsair - How far down can it go?I want to start this idea by the fact that Corsair is a great company that makes great products. They are focusing on gaming gear, which in my opinion is a hot industry right now. But for some reason, $CRSR continues to go lower and lower. As a shareholder, I'm not happy with the stock's performance over the last 6 months. So, is it time to buy? Let's dive in deeper into Corsair's earnings, future expectations and much more.
Fundamental analysis
Because of COVID-19, you would expect Corsair to have a significant revenue increase. But that's not the case here. Weirdly enough, Corsair had a terrific 2019 with revenue growth of 55%. Since then, Corsair seems to have some issues with its profits/revenue growth. Of course, everyone can blame supply chain issues, but companies without them are the true winners. Given the fact that the stock is cut in half since it's highs in February, I think we can safely say that slowing growth is priced in.
Here are the numbers:
P/E — 20.60
Forward P/E — 15.46
EPS (ttm) — 1.19
Growth in trailing 12 months — Revenue is up 14.53%, meanwhile profits are up 25.36%
Technical analysis
From the technical side, buying a stock is out of the question. Stock is falling and breaking all the support lines effortlessly. In fact, shorting seems like a better option.
Conclusion
I think that Corsair is a great long-term investment with a lot of potential. Given the fact that Corsair is a well-known company, evaluation of 2.24B seems drastic to me. I'm a shareholder myself and I will continue to add shares to my position. I think it's a great buying opportunity, and I would suggest you to consider adding some to your own portfolio. Of course as always do your own Due diligence :-). I hope this helps. Feel free to leave a comment! Good luck!
CRSR - Price moving within a descending wedgeHi All, my main 3 take-outs from this analysis are the following:
1- After IPO jump up to 50$ price started consolidating into a huge descending triangle, and the movement is still in progress
2- Price might be heading to another touch of the higher part of the descending wedge, which might occur in my opinion between February and March at arund 30$ level
3- Price is rebuncing from a second touch of an uptrend line that started with the IPO prices. Next closest target 27-28$ and from there we'll be possibly attacking the 30$ level at beginning of 2022
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
$CRSR - testing the downtrendLooks as the stock is about to break the downtrend and get ready for the reversal.
Supply chain disruption held many manufacturing companies from driving up revenues and profits.
Yet, this is temporary and the fact the Corsair's management retained FY outlook for revenue is encouraging factor.
Divergence on CRSRCrsr move down was in anticipation bad earnings. The stock did jump up today so i guess people are ready for this to put up better numbers when supply chain issues are resolved.
Falling wedge.
Bullish divergence with rsi.
I believe in this stock long term and think it will go back to 35$ + by the wnd of next year.
