norbertoviale
Short

Force Index divergence on Yahoo. Entry short at 32 and target 29

NASDAQ:YHOO   YHOO
35 0 0
Yahoo             is reaching the resistance level of USD32 while RSI screams overbought and the force index shows a divergence (see arrow in the EFI             chart). If the price of USD32 is reached I think it will will not break the resistance level and bounce, so we can entry short and target 29 which is more likely the price for this stock now as the EMA is showing in the chart.

In clear words entry short at 32 and target 29.

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