Head and Shoulders on YahooA head and shoulders pattern is emerging for YHOO. With general sentiment on wall street negative for te CEOs new changes expect Yahoo to drop considerably after price drops past the neckline. I am expecting to find some historic support around the $11-$8 range
www.thestreet.com
Yahoo!
YAHOO with a strong patternYHOO
Perfect Patterns with strong legs
The targets are highlighted on the chart
Good Luck and Lets see
Yahoo Bullish Flag Too Good To Be True- Pattern bears resemblance to a bullish flag, with more or less supporting trends in volume (far from perfect)
- MACD is close to buy signal, RSI didn't really fall below 50 (mildly supportive)
- Break out from flag should happen with substantially higher volume (not like today), so no real confirmation here yet
- Should (and only if) the confirmation arrive pattern hints at target levels well above 60, stopping slightly below 50D SMA gives satisfying risk/reward ratio, even when not taking into account the whole length of the 'flagpole'
- Nevertheless that's hard to truly believe in, unless AOL merger and Alibaba+Yahoo Japan spin-off rumors prove to be true or BABA completes its very similar flag(ish) pattern (that ruined my short attempt) pulling YHOO along (question is then why not long BABA?)
Yahoo Inc - Has it got anything to shout about?After successful IPO of Alibaba and resulting proceeds and forecast busting 3rd Qtr Earnings released after the market close today, will Yahoo have anything to shout about. Or will it be the case that Yahoo's wealth and treasures will flee along with Alibaba & his 40 thieves?
Time will tell. However, I think the Chart say it all.
Look forward to catching some of that fleeing wealth.
As all ways do you own analysis. If you like the idea, choose to follow me and the chart for future updates. Have you an alternative scenario? Share with me.
Thanks.
YHOO - the potential breakout... But which way?Looking at the chart, one can notice decreased volatility in the recent couple of days. The triangle have formed on the daily chart.. Moreover, the pattern of lower highs but higher lows pushing stock sideways prior to earnings!
Given recent events such as Alibaba IPO and Starboard involvement, i predict stock has more chance to breakout upwards prior\after the earnings given Marissa Mayer will come up with something that will be beneficial to the company's future. Investment in Snapchat was also the smart one, IMHO, given that the company will be eiither go public or get acquired, or both, which will multiply Yahoo investment in it. I'm long.
Give me your opinion in comments!
2 for 1 on YahooYahoo has produced two high probability patterns that would fit well in a bearish channel. The cypher (purple) formed right after the rejection candle at $32.17 at the 1.27 extension measured from the X to A leg. Price also put in a double top at $39.64. A Gartley pattern (red) shortly appeared right after. The kill zone for the bearish Gartley pattern is at $38.33 at the .786 retracement measured from X to A. There's also confluence at $38.47 1.27 extension level measured from C to B leg of the Gartley. When there is confluence, there's strong resistance/support. I'm looking to short the gartley (red), and if price action heads up a little higher into the Cypher (purple), i'll scale in another size.
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Yahoo: Bearish Engulfing Pattern Formed and Death Cross PoisedBearish Engulfing along with 50 period SMA poised to cross over the 200 SMA to the downside. A well defined trendline lies beneath forming potential support.
