Heikin-Ashi Wins Again: AKAM
On December 21, some technical commentaries placed Akamai (AKAM) on a negative watch list due to two bearish signs:
- A descending triangle
- 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…