vlad.adrian

Yahoo - Massive liquidation by professional money

Short
NASDAQ:YHOO   None
Yahoo made a new high 4 weeks ago, with very high volume, very bullish, or was it? The new high was rejected immediately, leaving behind a false breakout, with a big divergence on the MACD lines, and fantastic wave volume, with no reward. I believe that Yahoo is going to fall in the coming weeks. The daily chart is still rising, with a rising wedge. Now it is the time to build a short position. First target at 32.80$.

I will post a daily chart as soon as I see the confirmation.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.