NASDAQ:LOGI
No introduction required about the company. Many of us use the Logitech product. Brand recall.
respecting EMA13 only daily chart plus in momentum bias upwards.
Initiated small tracking position last week.
isc: Invested ( Tracking position, Trade @ own RISK. Education purpose only. Risk Management is the key.
Logitech is a major manufacturer / seller of computer peripheries and has been benefiting from the work from home, school at home movement. Nice momentum without too much volatility. Worth a look.
Article below from Trading View News / Reuters
July 20 (Reuters) - Logitech International LOGN raised its outlook for the 2021 fiscal year and reported a more than...
Strong confluence of Fibonacci expansion & Extension levels now in play.
Stock is up 45% in 3 months.
Perfect support trend from Moving Averages.
Stocks easiest money may be behind it.
Possible to trade between the Fins levels on break above $71.
Expectations may be to high and selling could be a risk at any signs of slower growth.
A gamers and Work from home...
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, Logitech is on my watchlist. Teleconferencing have been growing since this time period, and so has streaming and e-sports. Also, flight simulators are a growing genre in the gaming industry (and I am not just saying that given I...
LOGI still looking bullish to me after a sentiment change this week.
Still trading above both the the 50 Day MA and the 200 Day MA.
Got a little too high after earnings but it looks like it's done correcting
and will move up along the trend line from consistent highs going back to March 23rd
Retested 52.2 today and may just idle sideways until May 15th options expire...
As you can see the multi year trendline going up to this top. We have crazy sold out products across the board, this thing can moon to heaven. Looking at the closer timeframes though, picture is supported, but cautious.
Huge ascending triangle with a break. Wait for earnings and we can see it go up crazy or down harder. I personally see it more to the upside....
First inverted scythe
I've concluded that the price action of the scythe is a reversal, hence in this case a bearish reversal is likely due to the scythe being inverted.
Linking my scythe post.
Earnings schedules for Monday after the close.
Major benefactor from stay at home economy - Home office & Gamers
Stock has broken above major resistance to ATH
Indicators all bullish
Lets take a look at the technicals in more depth
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Hello traders, LOGITECH INTERNATIONAL is in a bullish configuration, it is very likely that it will decide to make a pull back ...
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Logitech is simultaneously declining in Volume and price and the lowest oversold RSI value at my target coincides with 38$. This sets up nicely for a quick swing trade before EOW.
DISCLAIMER. This post is for educational purposes only and should not be construed as investment advice. Your use of the stock observations is entirely at your own risk and it is your sole responsibility
It looks like LOGI is forming a cup with handle that started in May, with a resistance at the lower $41 level. The stock price showed a small decrease during the last few weeks (handle), the volume dried up due to the lack of interest from the holders to sell it and the price at the close didn't show significant fluctuations.
LOGI has been showing an unusual...
