$CRSR Ready to Bounce off Bottom of Price Channel?

2 thg 3, 2021

CRSR missed on earnings but beat on revenue. As a result of the earnings miss and general market conditions, it has sold off and is now looking like it may bounce back to the top of the channel (TBD). I also like how the volume has been drying up as the stock declines. This tells me sellers are just about exhausted. I have an alert set just above today's high. If that triggers with buying volume and the market is good, I'll likely open a position. Ideas, not investing / trading advice.

from earningswhisper.com :
Corsair Gaming (CRSR) reported 4th Quarter December 2020 earnings of $0.52 per share on revenue of $556.3 million. The consensus earnings estimate was $0.56 per share on revenue of $531.0 million. The Earnings Whisper number was $0.61 per share.

The company said it expects 2021 revenue of $1.80 billion to $1.95 billion. The current consensus revenue estimate is $1.75 billion for the year ending December 31, 2021.