Not optimistic on AKAM; adopting a neutral wait-and-see approach via an Iron Condor strategy.

Okay. Now let's move on to your second choice here. You own Akamai Technologies. Looking at Akamai’s performance, we find that it concluded the Anthropic cloud deal worth $11.6 billion.

We have seen a significant increase in the share price following this transaction. But, Mike, how do you see Akamai's future performance? Are you optimistic?

I am not optimistic at all. Therefore, I must disclose that we have issued a signal in this regard. The deal has not yet been finalized, but it is very close. I just wanted to clarify that.

What we did was observe a pullback to the 200-day moving average. Looking at it, we note that the price tends to stay at this level for a while, especially if the market is quiet.

Therefore, I am considering the “ wait and see” option using the “ Iron Condor” credit strategy. This strategy is for Friday, October 2nd, and it involves " Iron Condor" options with values of 103, 106, 113, and 116.

We can sell them at a price of 190. Now, we can get 190 as a premium. The profit margin is $3 per side. So, $3 minus 190, meaning I risk $1 and $10. Therefore, we have to wait and see, but I'm only betting at 0.58 to 1.

Okay. So, I'm looking for a neutral strategy. Rick, what do you see in the technical analysis of Akame ? We are trading today down about 1.7%. correct. We have recently received important news.

We saw a sharp rise , but the overall price pattern , as you can see, was in the form of a descending channel. We have already witnessed that unusual rise. Now, the impact of the news seems to have subsided a little, and we have fallen back below the 110 level, which was a series of repeated lows.

This level was later breached, but I kept it on the chart only as a reference. The next set of relative lows comes at 101, on our middle green line. After that, level 94 is a notable drop zone that should also be monitored.

Therefore, our channel is currently active. We often observe, after an important piece of news, a drop to a previous support level before the trend continues on its previous path.

I'm certainly not saying this will happen, I'm just saying it's a common occurrence in trading. The 125 level stands out, which is the previous highest level and is almost the opening level on the day the important news was released, i.e., three or four sessions ago.

Then the 130 level, which is another relative high, followed by the 138 level. We now observe that the moving averages we are tracking have started to fall below the 251-day exponential moving average, which is the long-term annual average shown in orange, and is 108.

We now observe that we have fallen below all of them rapidly. We are now below the 50 midline on the Relative Strength Index (RSI). The long-term green upward trend line is still in place, but the short-term red downward trend line is also in place.

Therefore, the trend is slightly downward . Our volume analysis shows that we are in an active trading zone between 108 and 118, but as you can see, there was a significant spike in trading volume on the day our news was released last week. It was a very special day for the stock.

Good. Today, we reach 107.45 for Akamai stock, down about 1.5%.