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Gamingstocks

CRSR: The Best Pure Play On Gaming and Streaming. Corsair is a maker of everything a gamer or streamer would need. The list of products is nearly never-ending; keyboards, mouses, capture cards, controllers, headsets, lighting, CPU cooler, CPU power supply, CPU case, SSD, Memory, stream deck. Corsair is a one-stop-shop for all a gamer/streamers needs. The stock has been consolidating beautifully since hitting a high of $52 last November. Since it has formed a beautiful, strong support level at $33 with resistance around $42. We believe with A+ management; Corsair is poised to continue to gain market share and win over investors. On their latest earnings call, management announced that they would focus on launching multiple new products at a rapid pace along with increased spending towards marketing. Fundamentally, their numbers were fantastic as well. 55.2% YoY top-line growth for FY 2020($1.7B), highlighted by an 83% increase in gamer/creator peripherals. They made the jump to being a profitable company compared to the previous year ($103M FROM -$8.4M). With macroeconomic tailwinds, wide economic moat, A+ management, A+ products, spectacular growth, profitable and risk reduced entry technically, we believe this is an incredible opportunity to get into an incredible company. We are targeting a $52 6-month PT.
NASDAQ:CRSRLong
by RobertTheTrader
GNOG - We Aren't Bullish... YetNASDAQ:GNOG is another one of these "buzz" stocks that have TONS of potential, but just seem to be continually getting whacked. These stocks may take a while to find their bottom, so don't get crushed waiting for that to happen. When this stock breaks above the resistance line displayed on the chart, that is when we will start pouring the SCOTCH. The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
G
by jstrasburger
SLGG - the new gaming platform, we are scalping it for 3 daysSLGG : Love this stock! it’s a sneak attack! Fundamentals : Gaming platform that will monetize on the amateur to pro gamers by ads, tournaments, and eventually with subscription base. The gamers world is valued at 15B at the moment and if they will get 10% of that sector to pay as little as 5$ per month that could be massive -but that is very far of where they are at this point of time. They have collaboration with big names such as Fortnite, Clash Royale, battleground. They have media partners like Nick, twitch, Netflix, Instagram and sony. They have 5M monthly hours of viewers engagements, 2.4M members on social media and 3M subscribers. There is a lot of potential in this company and can be the next DraftKings of gaming world or the next Netflix of paid streaming. Let's talk technicals : 1. first we have a steady strong trend up for 90 days with 77% rise, that took place between 3rd of Dec till 25th of Feb. that showed stability growth on catalyst! 2. Massive jump-started on the 1st of march – hate seeing that cause that took our stability away and put us in hype mode – prob the Reddit pump… 3. RSI overbought but has bit more left in it 4. VWAP at 5.6 – not good pullback to that area probably today! 5. Needless to say ADX is trending strong 6. Notice POC level is exactly on the 50% line (if you put only the relevant price action in the chart after the jump) What now? So now we have a jump of another 108% in 1.5 days of trading – not great! that means the drop will be just as massive – we will need to have a pullback to 5.3 (50%) in order to enter again and trade it stable.. Meantime we will just scalp it with a tight S/L and wait for the drop Once drop happens we will see a 5.3 support level and we need to watch closely to see if it breaks that level down – if it does it cannot go below 4.6! if 4.6 is crossed we will see a gap fill all the way to 4.00 Which then I plan to buy the dip and go big! (not a recommendation!) If we don’t see a break on the 50% line (5.3) we will converge on that level and start seeing an uptrend with stability towards the 7$ again – WE NEED TO conquer the 7$ stable for this stock to rally on. The union is long on this stock because of catalyst and not because of a pump or anything else I think this stock can be worth over 30$ in less then a years time. Volume analysis : 3 months avg : 2.56M Gap up jump : 27M !!! Yesterday trading session: 9M The last 3 days of trading : 3.7M Meaning volume is way higher and showing stability of hype in the stock in the last 3 days and if volume stays around 3M and above stock will keep trending (can be a massive trend down also -volume is not a bul or bear its just showing interest don’t forget that !) FREE FLOAT: 18M Not too small, not big ! Short interest -21% (460,000 from 584,900) Short lowered since catalyst is big so bears pulled back – a good sign for more upside room till they will enter again An important point to look at : So Jung Mark a director in the company has bought over 9 times in 2019 and currently holding over 50k shares. Trade safe and be safe! see you on the other side of the bear market, and stay strong!
SLong
by FDGT_academy
4
Update on DKNG trade: near target, on trend, bullish indicatorsDKNG traded up in the parallel channel and nearly hit the projected target. Based on the TTM squeeze indicator it looks like it is just building strength to take off. MACD signals buy as well. Fundamentals: They just beat on revenue on their latest earnings. They continue to grow paying-customers. More states are legalizing giving it a tailwind. This stock could trade to CHWY levels easily. Entry point: Below $65 Price Target: $100 Stop Loss: $50
NASDAQ:DKNGLong
by EBITDAtiger
GameStop Soars With Activist Ryan Cohen Gaining Board SeatsGameStop Soars With Activist Ryan Cohen Gaining Board Seats GameStop Corp. jumped after activist investor Ryan Cohen stepped up his transformation efforts at the struggling video-game retailer, gaining a seat on the company’s board along with two allies. Cohen’s RC Ventures -- GameStop’s second-largest shareholder, with a 13% stake -- has been pressing the Grapevine, Texas-based chain to undertake a strategic review to cut more costs. Cohen, the entrepreneur who helped build up the Chewy pet-supply site, also wants GameStop to increase the variety of products and services it offers online. “We are excited to bring our customer-obsessed mindset and technology experience to GameStop and its strategic assets,” Cohen said in a statement Monday. The stock rocketed up 210% last year on hopes that it would benefit from the release of new video-game consoles. GameStop lost some ground in early December after reporting third-quarter sales that missed estimates and announcing plans to sell more stock, but it rebounded toward the year’s end. Along with Cohen, Alan Attal and Jim Grube are joining the GameStop board. Both men worked with Cohen at Chewy. That news seemed to overshadowed a disappointing holiday sales release from GameStop, GameStop reported a 4.8% year-over-year increase in comparable-store sales for the nine-week holiday period ended Jan. 2. Coronavirus-related losses of store traffic knocked a high-single-digit to low-double-digit percentage off those sales, the company said, and net sales dropped 3.1% to $1.77 billion. finance.yahoo.com GameStop CEO George Sherman said in the news release that “together, we have reached an outcome that is in the best interest of all stockholders and can enable GameStop to accelerate efforts to deliver enhanced value for the company.” Excitement that Cohen can help turn things around was compounded by the stock’s high short interest, estimated at about 58% of shares available for trading, according to data from S3 Partners. That’s left the stock primed for a short squeeze. But the rise of digital game downloads amid declining earnings necessitate a bold new strategy. www.barrons.com
NYSE:GME
by AlenCiken
Change in direction ? - 1hrLooks like CSRS is ready for a change in direction as it just broke out of a descending channel and bounced off of the 200 SMA I like the fact there's only 17 million shares floating around so I'm taking a position here at $36 with a SL of $34. Will add to it if we can get support at $36.70. I have a good feeling we can see this one hitting +$50 within a few months. *These are my own thoughts and price predictions based off of my own analysis* YOUR MONEY IS YOUR RESPONSIBILITY Would love to hear your thoughts about this company as well!
NASDAQ:CRSRLong
by Hk2495
5
Oversold looking to move higher after breaking symmetrical wedgeAfter an inside week, EA was on my watchlist this past week and unfortunately fell out of the symmetrical wedge as the market pulled back. Short of a catalyst the low volume was not enough to propel it upward. Closing at just over $130 it seems to have found support from the lowest fib, and with oversold conditions nearly <20 SlowStoch an aggressive and safe entry is provided at the fib levels shown. Most conservative entry would be on a break of the .786 fib with first target above.
NASDAQ:EALong
by SpinTrades