Feb. 16 at 11:51 PM
$LOGI 🖱️ A constructive pullback inside a bigger trend?
I actually like their products and use a few myself, so this one is interesting to me fundamentally and technically.
On the weekly chart price pulled back into the rising teal support channel and just retested that area cleanly. Structure is still higher highs and higher lows on the bigger picture. The recent dip looks more like a reset inside the trend than a breakdown.
Stochastic is deeply oversold and RSI is near the lower zone. In the past, similar readings led to solid upside rotations. I am watching for a strong bullish weekly candle to confirm the turn.
Fundamentally Logitech remains profitable, holds a solid cash position and analysts are moderately bullish with price targets above current levels.
If the channel holds, a move back toward 120 to 140 is realistic.
⚠️ No financial advice
