I have done some research on IPO reversals: they tend to happen around 50% off of IPO high. $CRSR did have a hype craze to it. Gonna put it on watch alongside $QQQ and tech stocks.
Did not surpass lowest close $25.61 yet. Double bottom at play.
Short Entry 24.8
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Daily chart looks quite bullish with the RSI heading up while the MACD just turned green and is ready to widen green. Turn to the weekly chart and you will see what appears to be a double bottom playing out. The MACD is in the red for now and it looks ready to turn green while the RSI seems to be heading up. Hopefully this plays out and hits that line of...
Corsair holds double bottom line and has a nice green candle so far today. Looking for volume to pick up so we can rlly keep going up.
I like this stock longterm, great products.
Short term price targets: 30 and 33.
Resistance at 27.50 and 30.50
Corsair is a great company - heavily shorted at 31% short as I write this!
If support can be had at $26 in order to retest the hard-to-break $30 line, we could see a change in trend.
High risk would be get in at $26. Otherwise, wait to retest $30 after a breakthrough. Only after you have done your own research & you "like the stock".
Please don't take trade...
08/24/2021: Broke out of descending wedge pattern established in June
08/27/2021: RSI crossed over 50 line and has remained greater than 50
09/01/2021: 9 EMA crosses above 21 EMA.
09/01/2021: Awesome oscillator crossed over zero line and has remained greater than 0.
09/31/2021 - Present: Price has been rotating around a high volume node in volume profile...
WSB tries to squeeze this one: 35-43 could be the target, however, they could push this even higher..!(limited trading volume )
Market Cap: 2.66 B
Shares Outstanding: 93.8 M
Average Trading Volume (10 days): 1.83 M
Shares Short: 8.7 M
Short Interest(%): 9.47
Days to cover: +4
Change in Short Interest: +20%
One of my first technical views into a stock. You can see te volume decreasing and I think it won't test the moving average so I think it wil drop to it's next support. After the low it will skyrocket because of the stocks great fundamentels. I'm also waiting for the price to lower further to open a big position into this.
Please share thoughts it's my first...