By Adam Hewison
This stock looks lower based on a classical technical pattern
This is the first time I have looked at this particular stock and it appears to chart beautifully. The stock I am referring to and analyzing today is Akamai Technologies Inc. The symbol for this stock is AKAM and it is traded on the NASDAQ.
In this short video I share with you a classic chart pattern that I’ve seen thousands of times before in different markets. The pattern is very reliable and seems to work well most of the time. Some people believe in this type of technical analysis, however, some folks feel that it may as well be voodoo.
For myself, I believe that history and markets repeat themselves based on human nature, which has not changed in thousands of years.
All the best,
President of INO.com
Co-founder of MarketClub