Trade The Biggest IPO Of All Time With, Yahoo Inc.
As the biggest IPO of all time gets closer to show time, Yahoo! Inc. (NASDAQ:YHOO) finds it self caught in the middle of all the BABA (Alibaba's) craze. At this point, it is worth noting that the Yahoo! Inc. (NASDAQ:YHOO) stock reached a major technical level of resistance, on various chart time frames. Today's reversal could be another warning sign of what could be Wall Street's latest over hyped IPO. With all off this action going on, my trader senses are popping, I have located exactly where I will be placing a trade on YHOO to profit from this hype, I will be releasing this tomorrow. I will discuss more that below.
As we all know, the so called "smart money" is always early to the party, ahead of the crowds. From the lows of 2011, Yahoo! Inc. (NASDAQ:YHOO) has nearly quadrupled, in a little over 3 years. As seem in the chart and highlighted by the white arrow, the smart money moved out of Yahoo! Inc. (NASDAQ:YHOO) during early 2014. After a series of lower lows and falling from the highs of $41.72, Yahoo! Inc. (NASDAQ:YHOO) formed a bullish base and the hot money pushed shares of Yahoo! Inc. (NASDAQ:YHOO) higher, to a high of $44.01 on Monday.
Monday's reversal happened on heavy volume, and higher volume than the prior trading day which leads me to think that the hot money has started to flow out of Yahoo! Inc. (NASDAQ:YHOO), as the general public and all media outlets are now selling Alibaba's IPO hype more than ever. Speculation about how Yahoo! Inc. (NASDAQ:YHOO) will or will not benefit from this IPO is at a new high as well.
Yahoo! Inc. (NASDAQ:YHOO) has a ton of chart resistance around the $43.45 area in many time frames. Among many other factors, please note in the chart, the major trend line of resistance from which Yahoo! Inc. (NASDAQ:YHOO) pulled back after piercing it in the daily chart. This trend line was a major support level which was broken in early April. It is now a major resistance level as it crosses with another resistance trend line at the $43.45 area. This is what we refer to as a "scene of the crime level" and has resulted in major moves in Yahoo! Inc. (NASDAQ:YHOO) stock since 1999. Traders an investors should be cautious as this area could trigger another major pull back in the shares of Yahoo! Inc. (NASDAQ:YHOO). I will be entering a trade on Yahoo! Inc. (NASDAQ:YHOO) and exactly when I do, all of my Elite Round Table members will be made aware of this so we can profit from another trade together. Also, in the trade alert (like all others we provide) it will include everything so you do not have to wonder; stop loss levels, targets for profit, all important information will be known prior to entering the trade so there is no guessing. Folks, when great trades present themselves you have to step up and pull the trigger at the right time. Join us at the Elite Round Table, get this trade and lets make some money!
As we all know, the so called "smart money" is always early to the party, ahead of the crowds. From the lows of 2011, Yahoo! Inc. (NASDAQ:YHOO) has nearly quadrupled, in a little over 3 years. As seem in the chart and highlighted by the white arrow, the smart money moved out of Yahoo! Inc. (NASDAQ:YHOO) during early 2014. After a series of lower lows and falling from the highs of $41.72, Yahoo! Inc. (NASDAQ:YHOO) formed a bullish base and the hot money pushed shares of Yahoo! Inc. (NASDAQ:YHOO) higher, to a high of $44.01 on Monday.
Monday's reversal happened on heavy volume, and higher volume than the prior trading day which leads me to think that the hot money has started to flow out of Yahoo! Inc. (NASDAQ:YHOO), as the general public and all media outlets are now selling Alibaba's IPO hype more than ever. Speculation about how Yahoo! Inc. (NASDAQ:YHOO) will or will not benefit from this IPO is at a new high as well.
Yahoo! Inc. (NASDAQ:YHOO) has a ton of chart resistance around the $43.45 area in many time frames. Among many other factors, please note in the chart, the major trend line of resistance from which Yahoo! Inc. (NASDAQ:YHOO) pulled back after piercing it in the daily chart. This trend line was a major support level which was broken in early April. It is now a major resistance level as it crosses with another resistance trend line at the $43.45 area. This is what we refer to as a "scene of the crime level" and has resulted in major moves in Yahoo! Inc. (NASDAQ:YHOO) stock since 1999. Traders an investors should be cautious as this area could trigger another major pull back in the shares of Yahoo! Inc. (NASDAQ:YHOO). I will be entering a trade on Yahoo! Inc. (NASDAQ:YHOO) and exactly when I do, all of my Elite Round Table members will be made aware of this so we can profit from another trade together. Also, in the trade alert (like all others we provide) it will include everything so you do not have to wonder; stop loss levels, targets for profit, all important information will be known prior to entering the trade so there is no guessing. Folks, when great trades present themselves you have to step up and pull the trigger at the right time. Join us at the Elite Round Table, get this trade and lets make some money!
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