JoeAlexander
Short

Yahoo - YHOO - Roller-coaster; Up then Down

NASDAQ:YHOO   YHOO
36 0 1
After my analysis on this stock, I believe we could well be heading up to the $48.75 mark (approx) to meet the
0.236 Fib level, and perhaps pivot from there to continue making lower lows, as demonstrated by the solid arrows. However should price take out the 0.236 fib, I believe we shall make our way up to the upper trend-line, as illustrated by the dashed arrow lines. From there, I am very bearish on the stock, after waiting for an appropriate entry and confirmation of a bearish candlestick , I shall short the stock down to 'Sup 1', targeting approximately $44.00.

The stock is trading above its daily 100 day moving average, and just slipped below its daily 50 day moving average, offering further resistance.

Yahoo             are due to release on the 1/27/2015, at an estimated $0.19, despite producing earnings of $0.41 on the 10/21/2014. However, I shall square             my position before the earnings come, to avoid getting caught on the wrong side.

*Everything I post is purely my opinion and is only for the purpose of sharing trading ideas with others.*

Many Thanks

Joe
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