Short
UPDATE : YAHOO , Still short
YAHOO reported a terrible quarter a few weeks back . Mrs. Mayer (CEO) also announced that they would keep a bigger chunk of Alibaba once its goes public. This statement alone tells me that Mrs.Mayer and her team have no clue how to make the company profitable again.
Technically , the stock is now trading below previous support( green line). I expect the stock to continue trading within the channel . I remain bearish on the stock
Cheers
Algo
Technically , the stock is now trading below previous support( green line). I expect the stock to continue trading within the channel . I remain bearish on the stock
Cheers
Algo
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.