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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $AKAM

Case 230 #Akamai Technologies Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#AKAM 1/4
Chart 1
Weekly Chart: Trending in an orderly manner and rising steadily since 2012, temporarily stalling at 103.34 banging against #trendline #resistance - a close above 105.50 targets 115.65 then 125.70 and possibly 132.60 in the long term. To the .....

AKAM 2/4
..... downside #support at 71.40 with the #SMA 200 at 68.89 then major support zone 56.80-50.90. A close below 38.00 will cause long lasting damage to the rising trend.

AKAM 3/4
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#Akamai #resistance #Strategy #AKAM #support #SMA #NASDAQ #trendline

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