Impressive 25% revenue increase in cybersecurity, reaching $325 million, contributing 38% of total revenue. Robust content delivery network (CDN) and strategic acquisition of Guardicore highlight growth potential.
Bullish outlook for #AKAM, with potential upward movement above $96.00-$97.00, targeting $148.00-$150.00.
#AkamaiTechnologies #StockMarket
Introduction:
I'm excited to share my trading journey on TradingView, where I'll be posting a carefully curated list of 10 stocks every trading day, and sometimes even multiple times a day. Through this endeavor, I aim to foster a dynamic environment where market enthusiasts can stay informed and engaged with real-time insights.
Why 10 Stocks?
The selection of...
Introduction:
I'm excited to share my trading journey on TradingView, where I'll be posting a carefully curated list of 10 stocks every trading day, and sometimes even multiple times a day. Through this endeavor, I aim to foster a dynamic environment where market enthusiasts can stay informed and engaged with real-time insights.
Why 10 Stocks?
The selection of...
Clear downtrend.
Beat Earnings with an upbeat guidance. Trading at a very reasonable ~13-14 PE
On close watch for breakout where I will buy.
Additional lines are existing gaps to the upside.
Entry to be posted.
1st PT would be the closest gap fill.
Bear view showing a rising wedge
However I suspect the downsides will be small of this roll over top that has formed and price will stabilise at the horizontal white line
This is different to my previous Analysis of AKAM here
www.tradingview.com
This one has broken to the downside.
It has not quite made it to T1 but it does appear to be finding support.
Red spinning top noted.
Time will tell.
No recommendation/Price is below the bands exhibiting strong selling pressure.
The PEAD projected a Neutral outlook for $AKAM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 87.5%.
AKAM has found support above a major channel on this non-long chart
Similar price areas or comparison points can be seen in green rectangles, however the most recent one is considered more bullish to me as it is perched above the upper channel
Regardless I find this very bullish long term
The PEAD projected a Neutral outlook for $AKAM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 85.71%.
long term buyers love this area where they keep to DCA (dollar cost average) as we can see this huge influx in vol i will look to long to take it back to top of range with profit taking levels at 104 and 113.99
*AKAM Getting closer to a New All Time High after a long consolidation
*9 Month Long Base
*Price above 200 DMA
*One concern is volume is very low in last few days
*Want to see higher volume on breakout
*Over 95% institutional ownership
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 18, 2022 with a closing price of...
From a price action perspective, this looks like a textbook short setup. Earnings pump off a lower low into area of heavy resistance. Risk/reward looks good here on a short.
Akamai Technologies, Inc. is an American content delivery network (CDN), cybersecurity, and cloud service company, providing web and Internet security services
The company has a good profit and is carrying out a buyback. Now the rate of price growth has slowed down when approaching the former resistance level of 120. Consolidation may form. If the upward breakout of the 120 resistance level is accelerated, then the 120 level will be the midpoint for calculating the minimum target level. If we do not see the dynamics in...
AKAM looks like it's close to finish the zig-zag pattern and could move to the downside although I would wait to see if price can manage to break and consolidate below 94$ until that to happen a move to the upside can't be ruled out.
