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Triple_Barrel_Capital
Jun 23, 2020 5:53 PM

$LLNW Limelight Breakout on 4x Avg Volume - Target $8.00 Long

Description

LLNW Limelight Networks Breakout on 4x Avg Volume Today

Real-time content delivery provider similar to Fastly FSLY.
Market cap appears under-valued in comparison to competitors FSLY AKAM.

Near term target: $8.00


Note: Not investment advice.
Comments
thebrewer35
When should I enter?
Triple_Barrel_Capital
@thebrewer35, Well, the time to enter would have been when I posted this on June 23rd to ride it up to the $8.00 target.

With that being said, if you're bullish this stock longer term I would say it is approaching a possible buy point - there's a gap from 6/23 that lines up nicely to the lower trendline of the long term bullish channel just above $5.50 - to me this looks like an ideal entry (assuming it falls that far). See updated chart below.

This is just my opinion, and is not investment advice.

thebrewer35
@Triple_Barrel_Capital, Yes! I purchased around that time, as well. Unfortunately it was at $7.13. I sold at $7.50 and have been waiting to re-enter. Thank you for posting the $5.58 amount. We are close. Cheers!
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