Limelight Networks CMP - $3.30
Looking bullish in higher time frame. One can go for Short / Long Term Trade Setup with the following entry, exit & targets.
Buy Range $3.20 - $3.40 / Stop Loss $2.75
Target 1 - $4
Target 2 - $5
Target 3 - $6
Disclaimer: This is my view and for educational purpose only.
LLNW back at historic support/resistance and right below a historic gap level from 2019. Right now this level is acting as resistance and has done so for weeks. No news isn't always good news but hopefully, the company starts getting more vocal:
"Not much has been announced since its last round of earnings. However, the company mentioned “formalizing broader...
Weekly Demand Zone
Entry 3.6
Stop 2.6
Target 8
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
No investment advice!
I do this only for practicing.
All Info on the Chart.
Here I want to show you, how powerful the Fibonacci levles are.
Perfect retracements to the golden ratio and rejection.
Lets see how this is going to play out.
Limelight networks is at a critical resistance level that dates back to 2019. We see that today's daily candle has a long wick and for the the most part denotes a significant sell/buy level.
If we continue to push above the $4.75 level expect a continuation to the upside. If not, then a return to $3.5 is valid.
After a “Go” signal on January 20th, price rallied to break above resistance and very nearly filled the gap from October. Price has come back dramatically since then, causing the GoNoGo Oscillator to crash back to the zero line.
If this new “Go” trend is to persist, the GoNoGo Oscillator will need to find support at zero as it will if the trend is healthy. If...
In our Flight Path newsletter earlier in the week we highlighted LLNW as a small cap tech stock that looked to be forming a base.
The “Go” flag appeared on the 20th of January and it has rallied since then. The last two days of the week saw a tumultuous end as Thursday’s strong day saw price push almost through the entirety of the gap but Friday saw it retrace...
There is a lot of bullish pressure here. It has yet to fall into the support area and is gaining higher highs. I am betting this is going to break soon and push to close the gap. Taking this long with $4.00 STOP LOSS and looking to take profit starting at $4.50
At 50% retracement level, might go to test support @$2.75 or start going up from here. Watching for directional confirmation. Not a recommendation, only for education.
Contextual immersion trading strategy idea.
Limelight Networks, Inc. provides content delivery and related services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position...
Limelight Networks, Inc. provides content delivery network services. It products include digital content & video delivery, cloud security, edge computing, origin storage & support services. The company’s solutions include realtime streaming, file distribution, live video & video on demand. Limelight was founded by Michael M. Gordon, Allan M. Kalpan, Nathan F....
Limelight Networks, Inc. engages in the provision of content delivery network services. Its products include digital content and video delivery, cloud security, edge computing, origin storage and support services. The company’s solutions include realtime streaming, file distribution, live video and video on demand. Limelight was founded by Michael M. Gordon, Allan M. Kalpan, Nathan F. Raciborski and William H. Rinehart in June 2001 and is headquartered in Scottsdale, AZ.
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