On a monthly basis Yahoo! is heavily overbought. And notice the similarity of the period 1998-200 and 2012-2014.
Of course after selling Alibaba it has to show it's own strength.
My first target will be at 30 in late Q1 this year. Later this year (around July) I expect to see 25 depending on the timeframe as we ...
Technically: Few days ago Google bounced on the previous top @540 from December and both EMA 100 & 200.
It seems Google is continuing a negative channel.
Also several days Google announced it wants to become a wireless carrier. Read: people are shifting more and more towards mobile, away from desktop. Ads on ...
Actually I'm waiting for a first negative signal. The bars still show an uptrend but we are testing a trend line from 2011-2014-now (7500-9800-10600). On the down side there is a second trend line also from 2011-2014 (5500-8500).
With these volatile markets caused by a high uncertainty (economic performance, Oil, ...
This idea is actually the same as I posted early January.
We have reach the starting point of three suggested scenarios (on the date exact btw).
- RSI can go much lower, I would like to see it go below 30.
- it's been testing a trendline 3 times since December, time to break
- EMA 100 is broken
Several indicators are already showing a start of a negative trend. The questions is how far will the DOW drop?
The EMA 100, 200 & 500 have been providing support many times. In October however all of these levels were broken. My guess is that this time the DOW will go back to the EMA 500 level - if not any ...
On a logarithmic scale Google has been going up in a straight line since 2004. And recently testing the trend again. Will it hold this time? Some indicators (could) tell it won't:
- Daily RSI is relatively high, upwards potential is limited
- Weekly RSI is still declining
- A big gap from 2013 around 445 is still ...