I'm expecting it to play out similar to PLTR, but I think this one has better looking oscillators, strong bullish divergence. I don't know much about the fundamentals, but the company looks like they're on the right track. I think it will take roughly 6 weeks to play out, applying a proportional move like we saw begin the week of May 10th.
Looks that is forming an inverse HS. Is probably going to take a few more weeks to play out but the risk and reward y great at current price. Be careful, is a very volatile stock.
Just wanted to share what im seeing on the chart. Downtrend broken, resistance broken through now lets see if this becomes a new support area.
Will post updated visuals next week
All ideas are paper trades. GL
Very low ATR, been in an ascending triangle pattern. Favoring upside, but could never know with the ER coming out - consumer goods haven't been great lately.
Pretty clear inverse H&S on the daily/weekly for CRSR -- been beat down since IPO. showing signs of reversal in my opinion. Long. breakout over $18.36ish
If the pattern continues to play out I will add at confirmation of support after rebound of top of pattern.
But when I keep looking at the volume traded in June compared to the rest of the history, it's just one of the many events that plays on the mind.
Revenue down 40% YOY
Loss per share of $0.62.
Guidance lowered to 1.3 billion revenue
Significant product launches and supply chain improvement may mean lower costs.
I see demand for Gaming peripherals and gaming in general bouncing. Corsair has significant market share in ram and peripheral markets.
May see a lower stock price but i believe corsair will...
CRSR has broken out of its wedge, implying August should be a great month. A lot of confluency end of Aug time with the most bullish price target of $24. ( horizontal resistance, price rejected here before and previously used as support... )
This recent chart pattern on the Point and Figure chart looks very constructive with a series of higher highs and higher lows. A break above the down trend line, if and when that happens, could signal the start of recovery of this beaten down stock.
Breakout of the diamond pattern in 5th week of weekly candles.
Bullish divergence with RSI confirming this.
Lot of resistance around 27
Super important for us to break above the 26 EMA which has been rejected for nearly a year now, strong candle through it then to be used as support is great signal.
This stock with very good fundamentals, has been pressed. In our view, the downward trend will continue in the next period, due to the pressures on technological stocks. In the long run, however, due to the good balance sheet and the continuous growth, the share can give a good result ...
Declining trend end?
01 . End of wedge shape.
02. RSI divergence.
03. Elliot has 5 + 3 waves.
Long position now?
Investment for 2-3 years. Careful trading.
