LOGI, 15% short term and much more long term profit is ahead !
LOGI is one of the best stocks in the market. General trend of stock is clearly up.
Stock is going to show us another leg up to around 145-148 USD to complete wave 3 of a large Elliott cycle. This leg up will be wave 5 of 5 of 3 which means after reaching to mentioned target (145-148) a large correction may start which is going to push price down to 105 or even 94 USD. After correction of this wave 4 another strong up going wave 5 will start to make a new ATH. All these explanations are briefly showed on the chart.
Stochastic indicator in daily time frame has recently made a bullish reversal near oversold zone which is a really good bullish sign.
Please note that the chart is showing approximate estimation of prices but it does not offer any information about timing. In terms of timing, its just a schematic drawing so, Please disregard dates on the chart.
If you are a short term or long term trader LOGI is a one to think about. You just need to find an appropriate entry and exit point.
Good luck my friends.
Stock is going to show us another leg up to around 145-148 USD to complete wave 3 of a large Elliott cycle. This leg up will be wave 5 of 5 of 3 which means after reaching to mentioned target (145-148) a large correction may start which is going to push price down to 105 or even 94 USD. After correction of this wave 4 another strong up going wave 5 will start to make a new ATH. All these explanations are briefly showed on the chart.
Stochastic indicator in daily time frame has recently made a bullish reversal near oversold zone which is a really good bullish sign.
Please note that the chart is showing approximate estimation of prices but it does not offer any information about timing. In terms of timing, its just a schematic drawing so, Please disregard dates on the chart.
If you are a short term or long term trader LOGI is a one to think about. You just need to find an appropriate entry and exit point.
Good luck my friends.
Comment:
Currently LOGI is traded above short term down trend line. A trade above 123.3 could be a good point to go long.
Comment:
Have you opened the position at proposed buy stop?
Comment:
LOGI may fall below the last low and start it's predicted up going wave from around 114. So if you are in the position it is wise to use Multi Unit Trade Strategy and stick to your stop loss. If LOGI falls below 119.62 it will probably reach 114. We always trade smartly Don't we?
Comment:
Stopped out. We will enter again at 113-114 support. It will make a new ATH.
Comment:
LOGI's wave counting certainly needs update. I will publish it soon my friends.
