NASDAQ:YHOO new symbol; AABA , along with AOL and what ever else VZ put in it !
Weekly close pretty much right at ihs neckline. I will have more confidence if we see a solid hold above the highs of the right shoulder.
It looks like wave (c) of B finished or going to do so. Yellow (c) already hit the 200% distance of wave (a) in white B. Wave B in its turn has hit the 61.8% of wave A. All conditions point to imminent drop in price. MACD shows bearish divergence - price is up as MACD is falling. Target for the drop = $19.6 where the C=A.
Yahoo! Inc.(NASDAQ:YHOO) sold its core business. This means its main and only asset is its Alibaba Group Holding Ltd (NYSE:BABA). Because they trade together, the stock chart of Yahoo! can be used to determine the stock direction of Alibaba. I am using this method right now to look at short on Alibaba. Yahoo! has a dramatic topping tail on the daily stock chart. A...
Signals: 1-Double bottom 2-Breakout of incline resistance 3-Realisation of channel 4-Formation of flag Buy 42.70-42.80 (breakout of top flag's line) Stop-loss 41.72 (-1 tic flag's low price) Target 50.00 (sizing)
Signals: 1-Double bottom 2-Breakout of incline resistance 3-Realisation of channel 4-Formation of flag
Apple earnings to be released after market today Expectations: 1. 1.39EPS and $42.31bn Revenue - I personally have been an Apple bull for some time - I believe the bar for apple has been set low, with EPS 25% lower than last year and Revenue target also 15% lower than last year - I think this is achievable as Iphone SE sales will be included in the income...
Next week brings in a bevvy of earnings plays, but not all are worth of a premium selling, implied volatility contraction play. These are the best among the offerings currently to play either via short strangle or iron condor, although others could naturally come to the forefront if implied volatility increases dramatically immediately before earnings. NFLX:...
I am bullish for the start of the week. Price forecasts can be wrong but that was a strong move on Friday.. However, I am not that all blue skies once (smart seller trend comes back)
Yahoo Stub is $YHOO - 0.4 * $BABA. Breaking out with a target of .618 Fib of $7.50
A head and shoulders pattern is emerging for YHOO. With general sentiment on wall street negative for te CEOs new changes expect Yahoo to drop considerably after price drops past the neckline. I am expecting to find some historic support around the $11-$8 range www.thestreet.com