YHOO Trading Idea. Stock analysis and Forecast. Last Price.$34.73(+0.23%) 05-06-2014.
Hi mates. I would like to analyze YHOO.
Let´s see the Daily Chart.
Supports and resistances:
S1:$33.02 S2:$29.92 R1:$37.19 R2:$40.33
The MACD is below zero and above the signal. It´s flat.
The RSI is at 49%.
The Stochastic is at 63% It´s been in an downtrend since May 30th. However actually it seems to bounce.
The -dI is above the +DI.
Elliot waves: Actually the price is finishing the flat pattern.
As you can see the stock is inside a simetrical triangle.
The price is very close to the AVG200.
it´s probably a break-out soon.
The buy range for this stock is: [$33.88;$34.38]
And the actual targets are:
TG1:$35.36 T2:$36.14 Tg ext:$37.38
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