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Akamai Technologies Inc Technical Analysis and Fundamental Analysis:
30 December 2016, Friday, 1.00pm Singapore Time
Attached above is the Technical Analysis (TA) and Fundamental Analysis (FA) of Akamai Technologies Inc, a blue chip US tech company that is part of the S&P500 index stocks and listed in the NASDAQ Exchange (NASDAQ: AKAM). Highlight: Akamai's clients include Apple, Facebook, Bing, Valve, Twitter, eBay, Google, LinkedIn. Many of the tech companies need Akamai support. Akamai Technologies Inc has extremely low debts which makes it a company that is able to take advantage of competitors' distress in the new rising rates environment. Technical price structure as illustrated above. More powerful rallies to come for Akamai in 2017. $70.00 resistance will be broken upwards. Note with the smart monies' re-accumulation points as illustrated on chart, this means upside is significant from here. Note that the gross profit margin of Akamai Tech is delicious as well (refer to the fundamental analysis table as above).
LONG TERM:
UPTREND
MID TERM:
UPTREND
SHORT TERM:
CONSOLIDATION FOR STRONG UPTREND RALLY IN 2017
Technicals:
Bullish at the current supports
DNA Technical Rating:
Very Bullish with more upsides to come in 2017
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