YHOO in an accumulation fase ? maybe
Wednesday, September 12, 2007
Shares of YHOO close down 0.6% today to $23.56, even after company announced an exclusive partnership with Bebo( the UK and Ireland's most popular social networking site ) to manage display advertising on the social networking Web site in Britain and Ireland, giving it access to more than 11 million sought-after users. Looking at the daily chart, it seems to me that stock continue in an accumulation fase, regarding the movement of MACD. Chart continue to show a Bullis MACD incresing all days, also RSI is now in a neutral zone, lets see if YHOO will be able to close above its 50 dma in the next sessions.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: YHOO
