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!
Akamai
Akamai - Internet Video ConsumptionIs used by Netflix, HBO, Hulu basically most IPTV providers. They are also the primary CDN provider for Netflix. With the increase of internet video consumption and the news around Streaming TV. There should be quite bit of hype that will allow us to ride Akamai. \u2028\u2028It also seems to be reacting better to the overall market movement with shallower dips and higher highs.
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...