Swing Trade AKAMAKAM has a strong run up with tremendous volumes after the last earnings release. It has pullback on lower volume the last 4 days hence this idea of a swing trade with proper position management. See char text for more details.
AKAM
AKAM on breakpoint - Long but cautious63.30 - key level to overcome as price is squeezed to it for the year. Price is not at top of the channel so on a pullback would be in a good position for a buy. Best if it keeps within the range of these weak supports.
There is a small divergence - enough to get the price back to ~60 and ready for a strong move up. Key Hidden levels are working on this one (props to timwest). Trade with care, company itself is doing well and has been in a stable uptrend for some time.
SELL - if below 56
BUY - Buy on pullback when CCI/RSI is below range and RMI is red, while VIXIFIX goes from green to grey and price is above previous Low.
For less risk and lower winnings buy on break of 63.3 resistance (preferable on closure above that price)
