Has just broken neckline, but a confirmed uptrend is not in place..
Head - 94.12
LS - 100.7
RS - 100.70
It is preferrable to some to have the RS higher than the LS. Some say it makes no difference.
NV and OBV are high. AKAM fell from a bearish rising wedge and appears to have recovered. I was watching down there..lol..just waiting on it to fall out far enough to feel safe getting in..
Short interest is a bit over 6% depending on where you look..which is a little higher than I would have thought. When it was in the wedge, I am not surprise it was high as shorties love to short rising wedges. Anyway, just something to be aware of..
Targets 2 are long term targets and as a rule they occur after a pull back has occurred..
Not a recommendation
Head - 94.12
LS - 100.7
RS - 100.70
It is preferrable to some to have the RS higher than the LS. Some say it makes no difference.
NV and OBV are high. AKAM fell from a bearish rising wedge and appears to have recovered. I was watching down there..lol..just waiting on it to fall out far enough to feel safe getting in..
Short interest is a bit over 6% depending on where you look..which is a little higher than I would have thought. When it was in the wedge, I am not surprise it was high as shorties love to short rising wedges. Anyway, just something to be aware of..
Targets 2 are long term targets and as a rule they occur after a pull back has occurred..
Not a recommendation
Comment:
EARNINGS 2-9