Technician
Long

Yahoo! Technical Analysis: Further Room To the Upside!

NASDAQ:YHOO   YHOO
468 0 10
Technical Analysis
The upside is favored in the near term, as the price has managed to take 37.00 resistance level , and settle back above the 200-days SMA . That could be within the context of forming a rounding bottom or cup with handle pattern. I am targeting initially 41.70 level, a breakout above 41.70 would confirm the bullish continuation to the major long term resistance at 43.65.

Holding above 37.00 support level keeps this scenario likely.

Best of Luck , join me at https://twitter.com/thefxchannel
Also at my Facebook             page http://www.thefxchannel.com
My best regards,
Technician
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out