LOGI Update , We watch for bullish movement in next support !

已更新

LOGI is on the way to 0.618 Retracement level. Do we have a bullish movement there? Lets follow.

50% Retracement was not able to push the price up. Now, ABC form of correction has showed itself and we are more confident to go long in the case of bullish movement in support levels which are 0.618 and 0.786 Retracements at around 114 and 107 respectively.

Stochastic indicator is reaching to oversold zone once again which brings us another ideal setup to go long.

For now, I believe that there are some other up going waves which first is going to start soon unless facts provide a proof which I am wrong.

We do not give up ! we chase the stock and finally make our profit. Don't we?

註釋

Gap down to second Support price (0.786 Retracement) . We still watch carefully.

註釋

Finally we have a bullish sign. Now we can set our stop loss to last low and go long. Reward to risk is extremely high.

註釋

LOGI Lost the 0.786 retracement support as well as dynamic up going trend line. Lets see how its going on around 103 USD.

註釋

LOGI broke down trend line in RSI indicator. It is usually an initial sign of trend reversal. Lets follow and see how it will face down trend line in price chart.

註釋

LOGI lost the last minor low and is going down ward to face last major low. Is it going too loose this last major low as well? !!!!

註釋

LOGI had a trade below last major low. It seems the sell off continues in the stock.
As it is clear in the chart this analysis and the related one is totally invalid.

註釋

What happened in LOGI and ROKU and many other examples shows us how earning reports considerably can change the direction of a chart.