When influential investors make decisions to buy and sell securities, they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Akamai Technologies (NASDAQ: AKAM) report below can help you understand how to do this. The trading plans for AKAM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Weak | Strong |
P1 | 0 | 0 | 102.48 |
P2 | 95.98 | 89.80 | 111.23 |
P3 | 97.52 | 97.59 | 119.19 |
Long Term Trading Plans for AKAM
February 23, 2021, 7:30 pm ET
The Technical Summary and Trading Plans for AKAM help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this AKAM Report.
AKAM - (Long) Support Plan
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
AKAM - (Short) Resistance Plan
The technical summary data is suggesting a short of AKAM as it gets near 102.48, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 102.78. 102.48 is the first level of resistance above 97.64, and by rule, any test of resistance is a short signal. In this case, if resistance 102.48 is being tested, so a short signal would exist.