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AKAMAI TECHNOLOGIES INCAA

AKAMAI TECHNOLOGIES INC

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AKAM trade ideas

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!
NASDAQ:AKAM
by norok
AKAM - Ascending Triangle Today I am going to discuss Akamai Technologies (AKAM). AKAM has had a great recovery since the COVID Pandemic, reaching prices higher than pre-pandemic. However, AKAM seems to be on the verge of a breakthrough. AKAM seems to represent a very familiar pattern in trading: Ascending Triangles. An ascending triangle is a continuation pattern consisting of a horizontal line (representing the highs) and a rising trendline (representing the lows). Both of these lines form a triangle. Generally the coming trend follows the trend that preceded the triangle. As AKAM was in an uptrend before, there is good reason that this uptrend will continue after the breakthrough. The trend lines seem to indicate that we are coming close to the breakout point. However, it does not seem to be within this week, or maybe even the week after. There is still some time before the breakthrough. However, now is a good time to long. AKAM is currently touching the lower trendline and historically has rebounded the past three times this happened (within the last three months). Furthermore, if the triangle were to turn into a downtrend (a possible yet unlikely situation), then buying at a low can help counter any sudden drops after AKAM rebounds up to touch the horizontal line (an approximately 7% gain). This can offset any unforeseen losses. Please let me know if you have any feedback or if there is anything I missed out. I appreciate the feedback.
NLong
by AHiray