This Chart is Lighting my Hair on Fire

Trade of the Day Wake-Up Watchlist

"With less volume trading before a holiday, there are sharper pops to be had."

Nate Bear, Lead Technical Tactician, Monument Traders Alliance

Nate Bear

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We're heading into the holiday week, and while most traders are packing it in – this is one of my favorite weeks to trade.

With less trading volume, there's often exaggerated moves on some lighter volume names.

The truth is…

All a stock needs for a sharp move is a bucket of water rather than a tidal wave.

So this week I'll be looking for a nice trade setup or 2 and go from there.

One chart on my radar for a potential AFTERSHCOCK surge is Akamai Technologies (AKAM)

AKAM's chart has everything I'm looking for in a post-earnings AFTERSHOCK candidate.

It's a recent earnings winner.

Plus, its chart is also holding up great.

 

As you can see above, AKAM spiked to around $90 on the earnings win in early November and then pulled back to $86 before surging closer to the $90 mark again.

This is a sign of strong chart support that I look for, and I believe AKAM could be ready for another aftershock move up.

I'll be looking to make a trade in Profit Surge Trader this week.

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