Tuesday, 20 March 2012

AKAM: on channel support

AKAM, good company, but now on channel support

AKAM, daily

Key levels, 35, and 34.50. Clearly, a break into the 33s could be very indicative that the tech'sector - and other main indexes are starting a down cycle.

Conversely, if Wednesday we see even a moderate but consistant up move, AKAM is exactly the sort of stock that should tell us where the broader market is headed.