Logitech has confirmed bullish break from triangle formed since early april. Target price at 47.5 stop 42
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...
- Bouncing off key Fibonacci level (61.8%) - Resistance zone (Shaded Rectangle) - Rounded Top (Forming in progress) Entry Price - 40 Stop Loss - 41.50 Target Profit - 37.50
Sector: Technology Industry: Computer peripheral equipment Above of 2008 highs Now look 2018 price (red arrow) the breakout, the pullback and a consolidation price in progress above 40 This is a continuation pattern in a trend following mode, price is making new highs, breaking resistance lines I see it like that weekly candlesticks, 10 years view this ideas take...
Despite the positive news this quarter, LOGI seems to be facing a correction the next few days as pointed out the year before. I'm confident it's a long though. I see a steady climb.
Friends We've had a downtrend stall, a bullish engulf, confirm bullish Harami and gap up has shown the bulls intension to being this stock back up to higher highs. It made a lot of sense to buy yesterday, as the breakout was clearly there, and we was able to get a good price for sure. My personal Pre market predicted opening price is 13.70's. And with this in...