Trade Idea - Yahoo
Sunday, December 02, 2007
Chart courtesy of stockcharts

Hello Folks, Yahoo will be a stock to be next week in your watchlist. MACD is turning up and about to give a buy signal. Tuesday was the initial bottom. Wednesday had a bullish engulfing candle (strong buy signal) and Thursday showed a continuation of the trend. Moves to the upside would have a first target at $27.87, but the weekly chart does not give me many more clues. So, keep an eye on YHOO next week for a possible breakout over $27,35.

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.

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posted by Pro Investor Trader at 1:44 PM | Permalink


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