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Relative Strength Multi Cloud Apps Name Form High Tight Flag

by | Aug 28, 2023

F5 Networks (FFIV) shares consolidating nicely since its large earnings up higher last month and seeing the top of monthly value area support at 156 show buyers step up the past few days and now closing back above its 8 EMA with a trendline break setting up for a move back to test 162.50 at least with potential to eclipse the former highs at 167.89 and has that untested VPOC at 171 still overhead if the market rebounds further into September. FFIV has limited open interest, but the January $145 calls continue to hold 200x in OI.

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