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Analysis: #NASDAQ $LOGI

Case 409 #Logitech International S.A.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#LOGI 1/4
Chart 1
Monthly Chart: Price has gone #parabolic smashing through the 2018 #pivot and sloping #trendline resistance at 49.96-53.20 respectively and overextended way beyond the 2 year range. Synthetic #resistance at 74.81 - a close above .....

LOGI 2/4
..... targets 91.27. Immediate #support is seen between 67.66/04, then 58.42 and 53.88 (2018 trendline turned support).

LOGI 3/4
Chart 2
Daily Chart: Immediate resistance above 74.81 lies at 76.64. The #SMA 20 (69.00) is riding the May 2020 trendline - it's too risky to buy here - we position ourselves, on the first order, slightly below.

The #Strategy is printed on the image.

$LOGI 4/4
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#NASDAQ #Logitech #LOGI #parabolic #pivot #trendline #resistance #support #SMA #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $QLGN

Case 411 #QualigenTherapeutics Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#QLGN 1/4
Chart 1
Daily Chart: Just holding above the #SMA 50 and 20 with Jun. 2020 #trendline support at 4.56 and below the Dec. 2019 pivot at 3.88. Further down block positioning at 2.80-1.40 then synthetic #support sloping .....

QLGN 2/4
..... at 1.06. To the upside price needs to close above the SMA 200 at 6.45 then challenge synthetic #resistance at 9.53 - a close/hold above targets #Fib. 0.618 and #pivot at 13.62/64 respectively.

QLGN 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $CDEV

Case 410 #CentennialResourceDevelopment Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#CDEV 1/4
Chart 1
Weekly Chart: Price closed below #SMA 50 in Nov. 2018 and has never closed back above. Fibs, pivots and synthetic resistances are in perfect harmony. A close above horizontal synthetic 5.4557 targets .....

CDEV 2/4
..... sloping synthetic #resistance at 9.9087 then 13.0898 quickly. Further up the #confluence of 2017 #pivot and #Fib. 0.618 at 14.35/38.

CDEV 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $AIKI

Case 408 #AIkido Pharma Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#AIKI 1/5
Chart 1
Daily Chart: Price needs to break above Apr. 2020 #trendline resistance then close/hold above 1.40 for upside #momentum. A close above 2.44 is required to target synthetic #resistance at 3.62, then 5.21. To .....

AIKI 2/5
..... the downside a #support zone of 0.94/75 exists. A close below 0.48 could see the price target 0.29.

AIKI 3/5
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