LOG Potential Breakout Analysis
BME:LOG is indicating a potential breakout based on technical analysis, suggesting an opportune moment to consider delving into Logista.
Why Logista?
Logista, as a leading distributor and logistics operator, plays a crucial role in various industries, including tobacco, pharmaceuticals, convenience, and technology. The...
Although its profits amounted at a record level last year 2019 at €165 million (+5.1% YoY), a head and shoulders figure appears in the short term maybe to drag the company to 14.10 zone at the end of July or beginning of August. Pharma logistics and convinience products division had a very good behaviour. EBITDA was €81.5 million (+11.3% YoY)
However, in the first...
I like Logista technical situacion: on the weekly chart I see a very nice doji candle at a flag support line, with longer term MA ribbon playing as support as well. The shorter term MA ribbon has just penetrated above the long term one from below, signaling bullish momentum on the weekly chart. Finally, the doji weekly candle low is at 38.2% Fibo retracement. I...
