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