Akash is doing a retest of the handle section of it's massive cup and handle pattern on the weekly.
It's also coming out of the weekly oversold area on the STOCK RSI indicator.
Akash also aligns with the AI narrative, it being a supplier of cloud based GPU services which will be in huge demand in machine learning and other AI based applications.
All the signs point to a clear easy winner during this bull-run.
It's also coming out of the weekly oversold area on the STOCK RSI indicator.
Akash also aligns with the AI narrative, it being a supplier of cloud based GPU services which will be in huge demand in machine learning and other AI based applications.
All the signs point to a clear easy winner during this bull-run.
Trade active:
Akash has broken out and has hit the 0.618 level retrace of previous high and low. Still holding onto my spot bag as I see this going up as Akash's reported daily user spending on gpu usage has doubled from 1k to 2k in a few days and is looking at going parabolic.
Comment:
I don't think this could have played out any more perfect. Not going to sell my bag, going to hold this for a large run-up during the bull-run