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Akamai Technologies, Inc. Message Board

  • sandyeggojake sandyeggojake Dec 12, 2012 11:23 AM Flag

    New 52wk high and finally above the hard $40 resistance level.

    A close above $39.60 will confirm the breakout, as will volume which we expect to fill in over the next two sessions.

    The classic bull fib extension (starting at the Oct 2011 low, Feb 2012 mid and June 2012 low)

    61.8% = $38.65 (our low of this week)
    76.8% = $42.16
    100% = $46.63
    161.8% = $59.54. (just shy of 2007 high)

    In the absence of news, we see a drift to test the $42.16 which we expect to cross, and then a test of $46.83 given weekly MACD histo is just about to turn positive.

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    • Great post and very helpful!

      Sentiment: Strong Buy

      • 1 Reply to stockwatcher4u13
      • You're welcome as well.
        12/19 Update: Another noe intraday high today. The trend is your friend. Another nice high base today. $AKAM longs are in a great place for a YE techncial run towards $46.63, the 100% fib extension. Weekly TTM_Squeeze is now on the rise again, and very close to going green. Expecting a series of steps - either flag or even a series of cups with higher tragectory.

        Swoons this week, even if as low as $39.41, is to be bought. The daily ParaSAR does not flip bearish now until a drop below $34.79.

        Sentiment: Strong Buy

    • Thank you, for the insight! You've been right on.

      • 1 Reply to bacardigold24
      • You are welcome - if you're making some good coin, consider send me a bottle of your name sake rum.

        We've obviously made new high and still to reach any obvious resistance bands. We see this trend lasting at least through the end of the year. So of this has been short covering (given those with profits can lock in lower taxes they year). But most is pure technicals on the back of radically improving fundamentals and exception of the better seasonal rev impacts from online commerce and digital content consumption - both of which peak in 4Q-1Q.

        We plan to hold all (both core and trading tranche) through the 161.8% fib extension of the primary swing, which is well north of here.

        Sentiment: Strong Buy

68.81+1.11(+1.64%)Oct 27 4:00 PMEDT