Post IPO CRSR had a nice strong trend, and a good run up, then the price action got a little exhausted, RSI got a little overcooked, then it corrected. Since that time, for the last month and half, it has bounced between the 0 and .236 Fib levels. On Friday we reached out and touched the 61 EMA before some buyers stepped in and pushed the price back up for a bit, but the overall sentiment was still bearish at close. I feel, if we can get some volume, we will break out of this fib channel we are in, and head for ATH. I am in with shares and LEAPS, and am overall bullish on this company. I like their products, I use their products, and If I can pay for all the equipment I bought of theirs off their stock, that's a win all around. Although one of the newer kids on the block when it comes to computer accessories, they are still fairly well established and their products are held in high regards by gamers, and computer users the world over. They are still negative on net profit, but they had over a billion dollars in revenue last fiscal year, and they are growing and improving every quarter. I could see this at $60 within the next month or 2 and that is my price target for my shares. I will hold my LEAPS until summer most likely.
Let me know your thoughts, and feel free to drop your charts in the comments below, about this or about any other ideas you're really excited about.
Love & Prosperity Everybody!
Let me know your thoughts, and feel free to drop your charts in the comments below, about this or about any other ideas you're really excited about.
Love & Prosperity Everybody!