Good concept and a little overdone, it's not even an electric vehicle company.

    CRSR----makes gaming related gear &

    Posted by watcdy on 24th of Nov 2020 at 03:53 pm

    CRSR----makes gaming related gear & technology-- says its a new IPO

    I hope some of you

    Posted by arun on 27th of Nov 2020 at 02:50 pm

    I hope some of you guys caught this... dropped 10$ in 2 days

    I did not short CRSR

    Posted by matt on 27th of Nov 2020 at 03:11 pm

    I did not short CRSR wasn't monitoring it, however it was a good objective short thus I'm posting a couple of charts for educational purposes.

    First the daily chart was clearly in an unsustainable parabolic move. Heck you have a VERY rare condition here with the last 6 candlesticks closing above their upper Bollinger Bands, with the last one opening completely outside of the bands. Anyway one trigger that Steve and I teach is that when you have an extended move, if you have a mostly solid candlestick you can get an objective trigger at 50% of that candle range with an initial stop at the high or low of the candle. In this case you had a solid candle, with a short trigger of approximately 49, and initial stop at 51.4. The initial target is always the 9 EMA and that was hit soundly.  Steve and I prefer to trigger off a doji like candle, however if you have a mostly solid candle then 50% of that candle's range is a trigger.

    Next on the 15 min chart you had clear MACD and RSI divergence as well as a wedge.

    Nice charts Matt. I def

    Posted by arun on 27th of Nov 2020 at 09:48 pm

    Nice charts Matt. I def learnt a lot from short set ups from you guys. Especially the parabolic setups never failed. NIO short set up was another great winner for me after i saw your chart few weeks ago before they reported earnings

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