DD – Quick flip off of Logitech cliff
$LOGI is currently sitting at ~-4.5%. It just fell of ATH and broke upward support trends.
Previous times when Logitech dropped ~5% it slid further by ~8% within a few days. That would put it at $121 within a couple of days.
Potentially good flip if someone is willing to take the risk. 130p 6/18 sitting at $1.7, 5/6-bagger if it hits roughly price level.
Also overbought on RSI.
Risk is that previous large slides have followed general SPY trend, whereas SPY is actually up today.
This is not financial advice. Yolo at your own risk.
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June 10, 2021 at 12:51PM