Short term view - LOGITECH INTERNATIONAL SA : The MACD is rising.
The trend has been momentarily interrupted by a correction. It approaches the resistance at $38.00, which also is the invalidation level. It should cause a fall and resume the bearish trend. The next target is at $32.66. The invalidation level is below $40.05.Arguments :
- The support has been reached, it causes the bounce.
- The MACD is rising.
- The moving average is capping prices.
- Prices will test the quality of bearish gap. As long as it remains open, consequences will be bearish.
Logitech International is a holding company. Co. designs, manufactures and markets products that enable people to connect through music, gaming, video, computing, and other digital platforms. Co.'s products include: mobile speakers, which comprises portable wireless Bluetooth speakers; Audio-PC & Wearables, which comprises PC speakers, headsets, in-ear headphones and wireless audio wearable; gaming, which provides a range of gaming gear for gamers; video collaboration; home, which includes its home entertainment controllers and products dedicated to controlling emerging categories pointing devices; keyboards & combos; tablet & other accessories; and PC webcams.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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