Fundamental Analysis :Missing submersible and Logitech F710Summery of the current situation:
The OceanGate Expeditions tourist submarine is went missing with five people with about four-day emergency oxygen supply. The missing sub is being looked for by the US Coast Guard and other agencies. During the hunt for the lost Titan submersible, banging noises were heard, indicating continued hope of survivors. We are all praying and hoping for a miracle in their recue and our thoughts and prayers are with the families and loved ones of those on board
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On Sunday, word spread that a tourist submarine operated by OceanGate Expeditions with five persons on board had vanished while its route to the Titanic wreck. Soon after, information concerning the sub's non-standard design that violated laws came to light. For example, steering appears to have been controlled via a $30 wireless Logitech F710 PC game controller from 2010.
Less than a year ago, a local news channel aired a video program examining the unusual sub, in which Rush proudly revealed that the submersible was operated by a game controller. Rush announced to the audience, "We're taking a completely new approach to the design," adding, "and it's all controlled with this games controller," as he showed a controller that resembled an older Xbox controller but was marked with the Logitech logo and featured longer, pointer joysticks than an ordinary Xbox controller would.
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With news breaking that the sub was being controlled by this Logitech controller it seems to have spooked investors causing the stock drop from Fridays highs and overall the stock is down from highs in may of 60.00
Social media has also had there share. Here are some review of the controller on amazon:
Technical Analysis on Logitech :
4H timeframe :
Within the next couple of hours or days there is likely to be an update on the situation of the submersible
Name of the persons onboard : Stockton Rush,Paul-Henri Nargeolet,Shahzada Dawood with his 19-year-old son Suleman
We hope for a positive outcome
