looks like it may come down and retest, definitely will step in and buy if it does.
this fib retracement currently has heavy influence over what price is doing in this range
Beautiful set up here on CRSR currently. Coming out of a corrective wave cycle, it has kicked off it's Wave III. I particularly like the deep retracement on Wave II as that could trigger the rule of alternation which indicates that Wave IV will be a flat/shallow retracement. We can play 2/19/21 contracts to play the ER run up and also swing a few if you're feeling lucky!
CRSR is in a bullish pennant and has tried to sustain itself over 40.00 3 times. 3rd times a charim isn't it? Corsair is a gaming industry regular and with it's recent IPO settling down, it looks ready to make a move to the upside. Gaming companies have been doing relatively well during this pandemic and with more lockdowns looming. The gaming industry is sure...
This is absolutely a no-trade territory.
We could break out of the bull flag, or it could be a huge Head and Shoulder pattern.
Who knows...
That is why we gonna wait.
If we can stay above 37.24, it will be our sign to go long.
In the other case, short it
Do your DD before entering the trade
CRSR was a winner for me and looking back at the chart the daily seems to have a bullish pennant. MACD is closing red getting ready to go green. Putting a 50 dollar price target.
