Analysis of a failed GPW:CDR double bottom trade.
Potential rising channel forming, or price closing outside the channel may be trend reversal and further losses.
Comments welcome if I'm missing something.
Losing GPW:CDR trade on double bottom turns into a profitable trade. I have not sold because of the upward trend, then increased the position, which turns out was correct.
Took profit early because several times on GPW:CDR I have not sold at the top and saw reversal right after, just like today.
This chart shows recent changes in short positions by 5 funds currently shorting GPW:CDR and how these changes likely affect the stock price. You can scroll the chart to the left to see earlier changes.
GPW:CDR short positions reported in KNF Short Selling Register stand at 3.21% (~3,3M shares) as of June 18th 2021 reporting date:
0,85%: Eminence Capital,...
Looks like CD Projekt Red formed a double bottom and broke out of an upward channel to the upside.
It also broke out of the huge falling wedge it was forming since its decline that startet in December 2020. Yesterday was the retest of the upper dynamic resistance of that wedge. With todays candle it perfectly bounced off. This is pretty good!
Next resistance is...
This could easily be a runaway stock, given how much it has fallen.
But I will exit when I have the chance, and re-enter based on a setup that I see formed.
Original Buy Analysis - www.youtube.com
This chart shows recent changes in short positions by 5 funds currently shorting GPW:CDR and how these changes likely affect the stock price.
GPW:CDR short positions in KNF Short Selling Register stand at 3.37% as of June 2nd 2021.
The significant stock price increase despite raising short positions possibly indicate a start of a short squeeze. It's also...
This chart shows recent changes in short positions by 5 funds that currently short GPW:CDR and how these changes likely affect the stock price. Arrows indicate the period (day from start until the end of the arrow), they don't point the actual event.
GPW:CDR reported short positions in KNF Short Selling Register stand at 3.04% as of 27 May 2021 and this...
After bad earnings we gapped down by 7%, I'm not expecting that this is the end of fall due to momentum. If cycle will react once again we can expect low between 14'th of June and 5'th of July. Basing on previous structure level 87-125 seems to be good level to go long and wait until next game release. ;)
Disparity index (13) on level -0.30 should be nice...
GPW:CDR short positions in KNF Short Selling Register equal 3.04% as of 27 May 2021.
OFE Aviva Santander also recently purchased 115,329 shares, but I'm not sure exactly when. If you have more information, please share.
Note: KNF short selling register reporting requirement starts at 0.50%
Source: rss.knf.gov.pl
OTC:OTGLY
CD Projekt Red was trading perfectly in the downwards channel.
Interesting spot will be at ~141 PLN. Intersection + Support Level.
Major bounce back possible:
Earnings at 22nd April will be best earnings of company's history
Short Interest is currently very high (51%). When shorts get covered there will be a big impulse.
Cyberpunk DLCs and addons in the...
Long term trading opportunity, detected pattern methods 2 on monthly chart. The first entry is at the 157.22 zone. If the price continues to fall, the second entry is at 127.24, where is giant support.
$CDR making it hard for traders with its recent price action. The most obvious would be to call the 5-wave down from B an ending diagonal, but $CDR could potentially face more downside in the coming months since they have a Class-Action Lawsuit on their hands (and maybe other lawsuits on the way). The earnings report coming out in March might also be a flop...
The company reported solid results including high sales of Witcher 3 in 2020, likely related to the popularity of Netflix series and more Witcher games will be released in 2021 (The Witcher Monster Slayer, Next-Gen Update). The company continues to very actively release patches for Cyberpunk 2077, where HOTFIX 1.21 fixed most of the major outstanding issues...
Is CD Project the Phoenix among stocks?
CD Project (the Polish game developer) has become known in the past especially for The Witcher games. But since December 2020, the share has been falling steadily further and further. This is mainly due to the release debacle of cyberpunk 2077. Actually, this game was supposed to be revolutionary and break all records. The...
![CDR: [UPDATED] CDPROJEKT CDR short position changes](https://s3.tradingview.com/u/UEgQhIjK_mid.png "[UPDATED] CDPROJEKT CDR short position changes")
![CDR: [UPDATED] CDPROJEKT short position changes and insider trading](https://s3.tradingview.com/b/b7IobBbd_mid.png "[UPDATED] CDPROJEKT short position changes and insider trading")
