CRSR Channel

22 feb. 2021CRSR, a recent IPO showing relative strength in the gaming field, looks undervalued. It's been trading within this channel the past few months, since early December. It's currently bouncing off the bottom, and looks strong in this overall red market - we should see a continuation back to the 48-50 level. RSI bouncing off of support level, MACD turning green, and strong move off of the 50EMA, trying to break 20EMA. Recent reports have shown that Corsair is in a strong position to outperform other tech accessory competitors and that demand for PC components has been on a steady rise. I like this trade back to the highs, a retracement back to the bottom of the channel, and then a long-term swing from there.
Good luck traders!