NASDAQ:YHOO new symbol; AABA , along with AOL and what ever else VZ put in it !
Weekly close pretty much right at ihs neckline. I will have more confidence if we see a solid hold above the highs of the right shoulder.
Looking for a EOD close. If it happens, likely is this week. Otherwise, maybe a roll over?
It looks like wave (c) of B finished or going to do so. Yellow (c) already hit the 200% distance of wave (a) in white B. Wave B in its turn has hit the 61.8% of wave A. All conditions point to imminent drop in price. MACD shows bearish divergence - price is up as MACD is falling. Target for the drop = $19.6 where the C=A.
Yahoo! Inc.(NASDAQ:YHOO) sold its core business. This means its main and only asset is its Alibaba Group Holding Ltd (NYSE:BABA). Because they trade together, the stock chart of Yahoo! can be used to determine the stock direction of Alibaba. I am using this method right now to look at short on Alibaba. Yahoo! has a dramatic topping tail on the daily stock chart. A...
Signals: 1-Double bottom 2-Breakout of incline resistance 3-Realisation of channel 4-Formation of flag Buy 42.70-42.80 (breakout of top flag's line) Stop-loss 41.72 (-1 tic flag's low price) Target 50.00 (sizing)
Signals: 1-Double bottom 2-Breakout of incline resistance 3-Realisation of channel 4-Formation of flag
Apple earnings to be released after market today Expectations: 1. 1.39EPS and $42.31bn Revenue - I personally have been an Apple bull for some time - I believe the bar for apple has been set low, with EPS 25% lower than last year and Revenue target also 15% lower than last year - I think this is achievable as Iphone SE sales will be included in the income...
For those who have shares, this could be a nice #coveredcall I wouldn't specifically say to just buy here in order to do this covered call. I know a few real life traders who have shares of YHOO. Nice prem. YHOO is now in a distribution phase.
For those who have shares of YHOO (like Stan J and others in Real Life Trading) volume came in nicely in YHOO recently. Nice bounce off of the 50 EMA. I think YHOO goes higher into $41 ish. I wouldn't specifically suggest just BUY YHOO here to simply do the covered call. But I am more bullish to neutral on it. Covered call video here: reallifetrading.com