CRSR reaching the 3rd standard deviation of a bollinger band
Statistics say it should pop back up to above 30 in the next few trading days
Stocks taking a hit because of the Delta variant of COVID.
We forget that this company grew tremendously directly due to COVID and it’s long term growth was anticipated to be slowed by decreasing in WFH
We are also at the absolute 0 of our Fibonacci levels. This is the last level of support
Current estimates say we should be reaching the 42 dollar level in the next few months for a retest of the .618 fib level.
Earnings soon, elgato released 7 new products last week, and this is all time lows. Sounds like perfect time to buy if you ask me? But you didn’t ask me so do your own DD and then buy CRSR after anyways
The valuation is beautiful. Crsr has brought in more revenue than companies with 30+ billion dollar market caps (PLTR for example, made less at a 47B market cap)… but we’re at 2B and some change.
BigbyC
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This stock seems to sell off regardless of what the market is worried about. Inflation? - crsr sells. Delta? - crsr sells. Reopening? - crsr sells. I’ve seen Crsr sell off on huge green days. I see that as a huge opportunity. The market has priced in a major decline in sales and we trade at ratios below all competitors. If crsr doesn’t get wrecked at earnings this stock could go up to 40 by 2022