AKAM
AKAM - Found Support Above Channel AKAM has found support above a major channel on this non-long chart
Similar price areas or comparison points can be seen in green rectangles, however the most recent one is considered more bullish to me as it is perched above the upper channel
Regardless I find this very bullish long term
Will AKAM retest February lows?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 18, 2022 with a closing price of 116.2.
If this instance is successful, that means the stock should decline to at least 115.23 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 3.488% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 5.983% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 11.105% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.75% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 9 trading bars; half occur within 17 trading bars, and one-quarter require at least 26 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
AKAM: Continuation of the uptrend.The company has a good profit and is carrying out a buyback. Now the rate of price growth has slowed down when approaching the former resistance level of 120. Consolidation may form. If the upward breakout of the 120 resistance level is accelerated, then the 120 level will be the midpoint for calculating the minimum target level. If we do not see the dynamics in the area of 120, then the level 125 will play a key role. In the long term, the company's shares may rise to the area of 157.
DisciplineNASDAQ:AKAM and NYSE:THO I took three weeks ago.
I have checked my signals in thinkorswim every morning diligently at 10:00am. That's my job. I have not found a single trade that fit my rules to take bullish since September 17th! My two that I took on that date were NASDAQ:AKAM and NYSE:THO . AKAM and THO both pulled a 3:1 on 75% of my positions, AKAM's remainder I closed when it got below a key level, THO continues to run.
Every day that I do not find an opportunity comes with a little bit of trepidation. "Is thinkorswim's scanner code broken this morning?" "Has the strategy lost some edge?" OR... "Is my strategy just performing as intended and keeping my trades long and short in sync with the market?" I like to believe the latter and based on the timing of the two longs I did take it did help me capture this last bullish run up to resistance on the AMEX:SPY and market as a whole.
So I wait... and reserve my capital for OPPORTUNITY and FOLLOW MY RULES!
AKAM: Dark Pools & Pro Traders Patterns Ahead of Earnings TodayAkamai Technologies Inc. reports earnings today with a solid start to a bottoming formation with Dark Pools' and then Pro traders’ footprints. The stock is currently at a completion level for the short term bottom. A Shift of Sentiment™ pattern formed between October and January. AKAM moved lower before finding the final low support from a previous Dark Pool Buy zone while Accumulation/Distribution indicators exposed the positive divergence. The pattern is a setup for a swing trade, not a position trade opportunity yet.
Akamai technologies AKAM formed a pin barAkamai technologies AKAM: slowstoch is oversold and 2 days ago the stock formed a pin bar.
Slowstochastic is bounced on the oversold zone: pin bar is a good signal for reversing the trend.
Stock strenght is above 63.
Watch the stock and lets see on lower timeframes if there is a entry signal (for example at 4h TF).
Disclaimer:
This is just my tought: don't invest based on this idea.
Akam Buy for short MediumWe see akam making a return getting in around $55.6 with TP: anywhere above 60 in short term and 65 in medium also an interesting prospect for future please comment your oppinions...
I also did a company evaluation and tech analysis ,but with reason not showing my full analysis... Have a look I think there might be something... If you do take them let me know how you do as well...
I entered at $53.8 and I'm TP=$66 or that is my goal atleast...