LOGI, very interesting setup.Interesting setup with a good R/R if price breaks marked high. Support and resistance is clear to me here, with a clear line in the sand.
LOGN trade ideas
LOGI oversold CCI bullish crossoverLogitech benefited from COVID, webcam sales surged by 258%, and upgraded its projection Y21 outlook to 35-40% growth from 10-13%.
The selloff from PFE's vaccine news is definitely an overreaction, and CCL has a bullish cross over 20MA and $81 support is tested.
Multiple levels to play on LOGI, short term target: $85 - $90
LOGI bounce off MA50LOGI recently sold off and found support so far on SMA50. Trying a long here targeting recent highs.
$LOGI room to grow$LOGI Room to grow on the upside inside the drift. Post-earning announcement drift and very high earning momentum.
LOGI: LogitechThe coronavirus has a smaller impact on this one in the grand scheme of things. What's more is that I like their products.
Tight ascending triangle should break to the upsidePast price action gives this next move away, safe for entry above the break of the resistance line.
$LOGI Logitech Benefits from Zoom's Growth
Potential long above $76.40
Upside targets $78.60 $80.30 $83.00
Zooms growth just emphasizes the need for
home communication accessories, Webcams etc.
LOGI, Wait for price action to shortP/S ratio were too high. NO matter the quarter EPS & the scraps quality of its mouses & accessories, it do not worth the price.
NASDAQ:LOGI Iniated Tracking positionNASDAQ: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.
LOGI:NASDAQ - LOGITECH INTERNATIONAL - Operating profit up 75%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 75% increase in non-GAAP operating income in its first quarter, boosted by demand for its webcams, video conferencing products and headsets as homeworking increased during the coronavirus lockdowns.
The company said demand for video streaming and productivity products remained high as lockdowns introduced around the world to restrict the spread of the coronavirus resulted in an increase in the number of people working from home.
The Swiss-U.S. maker of computer peripherals raised its sales outlook for the 2021 fiscal year to 10% to 13% growth from mid single-digit percentage gain in constant currency.
The company also raised its annual outlook for non-GAAP operating profit in the range of $410 million to $425 million from $380 to $400 million.
Gaming products like computer mice, keyboards and headsets have also done well, as people have played more on their computers at home during the lockdowns.
"Logitech's business was already positioned to grow from these long-term trends, and since early March they have accelerated, making Logitech more relevant to customers than ever before," said Chief Executive Bracken Darrell.
Logitech said its non-GAAP operating income rose to $117.3 million in the quarter ended June 30, up from $67 million a year earlier.
Net income rose 58.9% to $72.1 million, with sales increasing about 22.9% to $791.9 million.
$LOGI 45% gain in 3 months for Logitech , what's left?
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 benefactor.
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Possible J-Hook or Cup and Handle if price BreaksOut Possible J-Hook or Cup and Handle if Price Breaks Out
LOGI $60 Short is a Decades' Historical HighFirst 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 am working on a flight simulator). All these factors give an increase to the overall supply and demand curve for what type of products Logitech is offering. A $60 price point would be a historical high and can lead to a potential breakout, given how the market might react. Either way, on the watch list at the very least.
LOGI is a HOLDLOGI 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...
LOGI on the verge of breaking a MULTI YEAR trendline.
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. Volume spiking into earnings. I see this as bullish, take it as you will. If it dies though, it has many levels to go down.
Inverted scythe test LOGIFirst 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.
Logitech 20% potential on results $logi
Earnings schedules for Monday after the close.
Major benefactor from stay at home economy - Home office & Gamers
Stock has broken above major resistance to ATH
Indicators all bullish
Lets take a look at the technicals in more depth
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LOGITECH INTERNATIONAL now is in BUY situation
Hello traders, LOGITECH INTERNATIONAL is in a bullish configuration, it is very likely that it will decide to make a pull back ...
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$LOGI Huge breakout Imminent $60 target
huge benefactor form stay at home economy
both from gamer and professional relocating to home work spaces.
Home offices are a major $$$ maker.
$LOGI Gap fill reversalLogitech is simultaneously declining in Volume and price and the lowest oversold RSI value at my target coincides with 38$. This sets up nicely for a quick swing trade before EOW.
