Bull Flag On AKAM Weekly

Akamai Technologies ([stock_quote symbol=”AKAM”]) looks like it’s formed a nice bull flag on the weekly that, if you squint real hard, could be taken as the handle formation of a cup & handle. Zooming out a bit…

…we see that the stock’s price is in a long-term rising channel. My projection is that price will most likely rise to the upper channel boundary in the $82-ish zone before either a major trend reversal to the downside, or punching even higher.

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