Hitting support line soon. Bounce back possible.

12 May 2021

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 making
  
• Possible Multiplayer of Cyberpunk
  
• Witcher Franchise gets extended
  

Earnings at 22nd April will be best earnings of company's history

18 May 2021

Not

Clear breakout from the downwards channel with green day candle!
-> Turnaround is initiated in my opinion.
-> Will open up long position.