Faster Forward! CHOO CHOO! Full steam ahead ~

١٣ يونيو ٢٠١٨

Hi guys, new trader here. Looking at AKAM we're moving really fast here and it looks like we broke past the 80 dollar price for the first time in years. In just 2 weeks we've gone up 5 dollars. Looking forward I can see us at least hitting the 90 dollar mark by the end of year give or take. This is a very conservative estimate, I'm willing to bet we hit 90 in the next few months, if we break past that we will see 100 before a retracement. Otherwise we will hit break downwards from there as we are quickly approaching overbought on the RSI.

My ideas are not financial advice, just what I think is the likely scenario...

١٣ يونيو ٢٠١٨

ملاحظة

My guess is 82-83 by end of the month.

١ يوليو ٢٠١٨

ملاحظة

We hit 80 :)

For the first time in years we have finally passed the 80 dollar mark for Akamai. Bravo!

Looks like we had a huge sell off after hitting 83 which was easily identified by the bearish divergence on the RSI. This was expected, we had a huge run up and some correction was necessary. This to me looks like a double top reversal pattern which may end up hitting support at my new prediction of 63 as a potential reversal zone. There is major support below that near the 40-45 mark but since we are on uptrend I personally do not see it falling that low. The red line was my previous prediction my bet is on the purple. Will try to keep this updated.

Thanks for reading. Share your ideas, like, comment, etc.