YHOO 34.35– neutral – Probes 12-month falling channel resistance

13 0 1
YHOO             34.35 – neutral – Probes 12-month falling channel resistance

YHOO             extended the upleg from the 27.20 YTD low (September 28, 2015) to 36.39 (November 30, 2015 weekly high), testing 12-month falling channel resistance (December 29, 2014 weekly high). A decisive breakout is needed to suggest a key low at 27.20 is in place and accelerate gains towards 37.71 (August 3, 2015 weekly high) next.
However, if the 36.39 area (near channel resistance) manages to cap near term, that would signal further consolidation and potential to retest the 32.12/31.01 support zone (November 16/October 19, 2015 weekly lows).
Daily: neutral
Weekly: bullish
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out