FFIV
FFIV - Buy the Strong Trend LineThis is a 2D chart for FFIV
The trend line was created roughly in 2000, dropped below during the 2008 market crash but quickly recovered and hasn't been broken since then
This is an extremely strong trend line , probably the strongest one I have seen
Buy before Parabolic
F5 Networks $FFIV, island reversal patternF5, Inc. is an American company that specializes in application delivery networking, multi-cloud management, application security, and online fraud prevention. This stock has a really good relative strength against its sector, the quotient with AMEX:IGN confirms that.
Recent price action shows an island reversal pattern, downward and upward gaps around $200 and $194. This pattern often has throwbacks and it already happened tested the 50-day MA and rebounded. Now, its trying to make an early breakout with low volume. The thing is that is giving bullish signs that it could make the real breakout above the $215 zone. Today could be good to add a small percentage of the position and then add the rest when the breakout above $215 happens.
F 5 Networks $FFIV, market leader with upside potentialNASDAQ:FFIV is been forming a base for the last 12 weeks while been above its key moving averages. I'm waiting for the pivot buy point above $215, which could be the start of another leg up. This move up could be trigger by th upcoming earnings report, the best thing to do is to wait and see if it actually happens.
Another good thing about the stock is that is Rank #1 in its industry by IBD, but its revenue growth and EPS growth haven't been that great for the last 3 years. Its been growing but not that much as I really like; and its Relative Strength is not that great either. Still, it has good technicals and steady fundamentals so I'll consider to add a position only of it breaks out the base.
F5 Network (FFIV) | Strong Support, 50% Growth Potential!Hi,
F5 Networks provides multi-cloud application services for the availability, security, performance, and availability of network applications, servers, and storage systems.
Currently, it is pretty undervalued and the price of the stock has reached inside the strong support area. Technically, it is a pretty powerful support level and it consists of multiple criteria. Do your own research and if you think the company has potential then I let you know - technically it is ready to go upwards!
Technically, the buying area is $120-$130 and it consists of:
1. The price is currently inside a strong price level. It has been multi-year resistance and now it starts to act as a support level.
2. The trendline third touch act as a support level, super crossing area with the previous criterion.
3. Fibonacci 38% and 62% are inside the strong area acting as support levels.
4. Monthly EMA100 should act as a support level.
5. RSI Divergence
6. Two minor trendlines run through the crossing area to adding strength to the buying zone.
7. The fat blue trendline from the top is also called as a counter-trendline. The breakout has occurred a couple of months ago and now the price retests it and the retest should act as a supporter.
8. A bit subjective but still, AB=CD from the top and the D point is inside the strong support level.
As said, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!!
A bit cleaner chart :)
Good luck,
Vaido