Logitech is now on the watch list.
Following a beautiful reversal with class A bearish divergence on the monthly chart, Logitech has begun to creep up to the golden zone. Judging from the MACD, any reversal that is a higher low will be met with hidden bullish divergence and trend continuation.
The play is on the trend continuation. So first, i believe we need to see some exhaustion develop along a critical support. Im thinking around 48 dollars for the support. This is inbetween the .618 and .786 node. But its high traffic for sure in terms of possible supports. Stay tuned as the situation developes.
The play is on the trend continuation. So first, i believe we need to see some exhaustion develop along a critical support. Im thinking around 48 dollars for the support. This is inbetween the .618 and .786 node. But its high traffic for sure in terms of possible supports. Stay tuned as the situation developes.