We have not drilled into the charts of Akamai Technologies Akamai Technologies ( AKAM) since June 16. Let's check on AKAM again. 
In this updated daily bar chart of AKAM, below, we can see that prices declined into an early October low. AKAM has recovered slightly to trade above the bottoming 50-day moving average line but right around the 200-day line.
The On-Balance-Volume (OBV) line has been surprisingly steady since July and suggests that traders have been aggressive buyers of AKAM even as it declined.
The Moving Average Convergence Divergence (MACD) oscillator just crossed back above the zero line for an outright buy signal.
In this weekly Japanese candlestick chart of AKAM, below, we can see an improving technical picture. Prices are recovering from a decline and at the beginning of October we can see a bullish engulfing pattern to mark a low/bottom reversal.
The weekly OBV line shows improvement in October suggesting that the path of least resistance is higher. The MACD oscillator is narrowing and could give us a new buy signal in the weeks ahead.
In this daily Point and Figure chart of AKAM, below, we can see a potential upside price target in the $129 area.
In this weekly close only Point and Figure chart of AKAM, below, we can see a potential $167 price target.
Bottom line strategy: Traders could probe the long side of AKAM (again) at current levels. Risk to $103 this time. The $129 area is our first upside price target. At that point in time we recommended "Traders could go long AKAM on a dip to $115 if available. Risk to $109. The $177 area is our first upside price objective." That trade worked out poorly unfortunately.
