Anbat
Short

YHOO Bearish Rest Of Year

NASDAQ:YHOO   YAHOO INC
21 0 1
At this time Yahoo             has been sitting at $44 or a resistance area last 4 weeks. RSI is very over bought at this time, related to a possible take over by another company soon. Only issue(s) is of late is a security breach of their user data a couple of years ago, which they did not make PUBLIC. This is holding up deal and upcoming lawsuits, etc...

If acquisition does NOT go thru until end of year or ?? Yahoo             will be bearish until end of this year. I see price action to going down to at-least $38.00 level or 1st support level on chart. 2nd support level on chart is $35.00 area. I will be looking at bearish opportunities on lower time frame at S/R levels, with trends and candlestick doji's , etc..

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