AKAM trade ideas
AKAM Trend Compression PatternAKAM is showing compressing price action as it shifts sideways after Buybacks move price upward. Flow of Funds indicates continuing Dark Pool Quiet Rotation™ as price rises.
Akamai Tech is a haven for volatility seekers. Risky Long.It is almost a certainty that volatility is around when NASDAQ:AKAM reports earnings, historically it pops then sells off creating huge gaps on the chart, longer term the chart is uptrending as the company is in a prime sector of security.
Technically the chart is showing some tiredness as indicators are starting to turn south, but resistance from the MA's is consistent as the RSI remains in a bullish trajectory.
COMPANY PROFILE
Akamai Technologies, Inc. engages in the provision of cloud services for delivering, optimizing and securing content and business applications over the Internet. Its products offers web and mobile performance solutions, cloud security solutions, enterprise solutions, network operator solutions, media delivery solutions and services and support solutions. It also engages in content delivery network, or CDN, services to make the Internet fast, reliable and secure. The company was founded by Frank Thomson Leighton, Jonathan Seelig, Randall S. Kaplan, and Daniel Mark Lewin on August 20, 1998 and is headquartered in Cambridge, MA.
AKAM BEARISH CANDLESTICKAKAM has formed a bearish shooting star candle stick on the weekly chart. This candle stick has a very long wick, meaning buyers couldn't hold and price was driven way down, showing sellers may be in control over the next week or so. Also stochastics are overbought as well. Aiming for a pullback to some minor support at $74 for a %7 gain to the short side.
$AKAM GREAT UPSIDE POTENTIAL, BREAKING OUT.Strong hints of a great earnings report for AKAM , in the sweet spot of many sectors, growth has and will continue to be amazing. The stock is currently breaking out prior to earnings and with customers such as Microsoft , a bright future is ahead.
Company Description
Akamai Technologies, Inc. engages in the provision of cloud services for delivering, optimizing and securing content and business applications over the Internet. Its products offers web and mobile performance solutions, cloud security solutions, enterprise solutions, network operator solutions, media delivery solutions and services and support solutions. It also engages in content delivery network, or CDN, services to make the Internet fast, reliable and secure.
AKAMAI Technologies #AKAMAll up on the three time frames.
Looking to go when price rertace to 60 dollar a share confluence with Monthly 20 EMA and trend lines
add through 73 AKAM add working nicely through 73. Strong move today, wanting this follow through tomorrow so we can take some profit into strength.
AKAM turns resistance into supportthis play is a slower mover but it pulled back and turned the resistance into support we are going to trail the trade using the 8SMA and add to it through 73.26
AKAM Position AKAM broke out earlier this week where we entered the trade. SO far it is moving in the direction we want it too. Slow grinder but making money.
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.
AKAM - 64.50 then go longWaiting for AKAM to hit ~64.50, then riding it back up to the resistance line.
AKAM - AKAMAI Technologies Cloud and Blockchain needing CloudAKAM
The Akamai network has an inherent advantage running a distributed ledger in blockchain per JPMorgan 11.9.18 article.
Currently has shown trend of large spike investment last 3 quarters and in 1w chart shows near CCI entry, while day chart is not indicating same. Watching.
IBM is the largest patent filer in blockchain technologies, however has never been a good stock to own. It likely is best when it splits itself up.
Blockchain as an operating system would be more cybersecure than IOS and MS Windows and future tech worth watching for and will be 10x what MS growth was.
Food-tracking, financial transactions, faster payments, all part of blockchain value streams, however currently uses more energy to process/handle than spent on
mining energy globally as a bit of sad news with blockchain / crypto.
AKAMAKAM on the daily chart has formed a bullish harmani, complimented with extremely oversold stochastics and a crossover of the lower Bollinger band, which is signaling a potential reversal to the upside. Based on the range I expect a target of $74-$76
$AKAM long - did not hold the MA's might go down to test 200 MAit did not hold the 50-100 SMA, there is room to go and test the 200 sma.
$AKAM SwingPosted on my instagram a week ago about recapping the MA's so it did. Next leg up is to test resitance of the symetrical triangle.
AKAM short ideaNASDAQ:AKAM is currently moving upwards to the previous resistance and will most likely move to the downside from this point. However, for this idea to be valid, previous higher low needs to be broken otherwise the price can easily to up :)
AKAM potential downtrend aheadWe have seen AKAM in an uptrend for almost a year. Important price level/supply zone at around 78.00-78.40 seems to still have an important role.
Of course this needs to be confirmed on lower timeframes and last higher low needs to be broken first.
