July week 2 $38 put sale .23 limit Put sale is below the 100 SMA on a weekly chart.
44/45 bear call spread .08 limit expiring this week. I would only look at this spread if YHOO Closes above 43.50 on the hourly.
YHOO Is between 100 200 SMA on the daily. Nice gap providing resistance for the bear call and 200 SMA, hammer, gap, candle providing support for the bull put. 20% potential, less than 3 weeks time.
first target 45.26$ than 46.26$ gap closing after the sell out on yahoo, now they build a bottomed today stock breakout on next upleg to close the Gap MACD bullish cross coming Divergence in the RSI and no new low
Bounce on EMA200 bullish divergence (B) Major trend and intermediate bullish Minor trend bearish
YHOO is destined to reverse into a pull back buy set up as we are now following the trends of the past few days.
YHOO expected to open at 49.95 for a Gap N Go. To learn this strategy for free go to www.RealLifeTrading.com
After my analysis on this stock, I believe we could well be heading up to the $48.75 mark (approx) to meet the 0.236 Fib level, and perhaps pivot from there to continue making lower lows, as demonstrated by the solid arrows. However should price take out the 0.236 fib, I believe we shall make our way up to the upper trend-line, as illustrated by the dashed arrow...
The Long term Trend is Bullish Medium Trend is Bullish Short Term Trend is Bearish