Heikin-Ashi Wins Again: AKAM

December 24, 2011

On December 21, some technical commentaries placed Akamai (AKAM) on a negative watch list due to two bearish signs:

  1. A descending triangle
  2. A bearish flag

Fortunately, heikin-ashi offers always additional means to confirm or not traditional analysis.

To nobody’s surprise, SMA(3) was positive then – an important bullish sign. 

The rest is history…

 

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