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!
YHOO
Trade The Biggest IPO Of All Time With, Yahoo Inc.As the biggest IPO of all time gets closer to show time, Yahoo! Inc. (NASDAQ:YHOO) finds it self caught in the middle of all the BABA (Alibaba's) craze. At this point, it is worth noting that the Yahoo! Inc. (NASDAQ:YHOO) stock reached a major technical level of resistance, on various chart time frames. Today's reversal could be another warning sign of what could be Wall Street's latest over hyped IPO. With all off this action going on, my trader senses are popping, I have located exactly where I will be placing a trade on YHOO to profit from this hype, I will be releasing this tomorrow. I will discuss more that below.
As we all know, the so called "smart money" is always early to the party, ahead of the crowds. From the lows of 2011, Yahoo! Inc. (NASDAQ:YHOO) has nearly quadrupled, in a little over 3 years. As seem in the chart and highlighted by the white arrow, the smart money moved out of Yahoo! Inc. (NASDAQ:YHOO) during early 2014. After a series of lower lows and falling from the highs of $41.72, Yahoo! Inc. (NASDAQ:YHOO) formed a bullish base and the hot money pushed shares of Yahoo! Inc. (NASDAQ:YHOO) higher, to a high of $44.01 on Monday.
Monday's reversal happened on heavy volume, and higher volume than the prior trading day which leads me to think that the hot money has started to flow out of Yahoo! Inc. (NASDAQ:YHOO), as the general public and all media outlets are now selling Alibaba's IPO hype more than ever. Speculation about how Yahoo! Inc. (NASDAQ:YHOO) will or will not benefit from this IPO is at a new high as well.
Yahoo! Inc. (NASDAQ:YHOO) has a ton of chart resistance around the $43.45 area in many time frames. Among many other factors, please note in the chart, the major trend line of resistance from which Yahoo! Inc. (NASDAQ:YHOO) pulled back after piercing it in the daily chart. This trend line was a major support level which was broken in early April. It is now a major resistance level as it crosses with another resistance trend line at the $43.45 area. This is what we refer to as a "scene of the crime level" and has resulted in major moves in Yahoo! Inc. (NASDAQ:YHOO) stock since 1999. Traders an investors should be cautious as this area could trigger another major pull back in the shares of Yahoo! Inc. (NASDAQ:YHOO). I will be entering a trade on Yahoo! Inc. (NASDAQ:YHOO) and exactly when I do, all of my Elite Round Table members will be made aware of this so we can profit from another trade together. Also, in the trade alert (like all others we provide) it will include everything so you do not have to wonder; stop loss levels, targets for profit, all important information will be known prior to entering the trade so there is no guessing. Folks, when great trades present themselves you have to step up and pull the trigger at the right time. Join us at the Elite Round Table, get this trade and lets make some money!
Yahoo! Inc Daily (08.09.2014) Technical Analysis Training The Yahoo! Inc (NASDAQ:YHOO) Daily Diagram Technical Analysis shows the following:
The (YHOO) share follows the support of the long term trend line (green) on this uptrend. The last five days the share reached the 39.88 resistance and stopped there. All this development is above the KUMO and the Kijun & Tenkan Sens, which means that the YHOO is bullish in long term. The weekly diagram shows bullish trend as the monthly too (overbought).
So the first think in mind is forcing for the next resistance at $41.28. MACD is bullish and RSI too. The volume is more than the usual (45%).
There s no special candlestick pattern.
There is no special pattern.
Long for $41.28 with cautious position for a decline from there. Stop loss under the support line.
YHOO Monthly looks goodThis should be a monthly bull flag..if broke it could go into the $74
I create this idea following JXMFinancial setup from GLUU(there's the link below)...i think it's smilar with a little retracement
I hope to get it right
If you have some doubts about my idea...do not hesitate to let me out.
Possible bull flag in YahooPossible bullish flag formation on yahoo. It has recently been trading and staying near the upper half of the channel and has found a good base near the $33.33 level.
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.
Why Yahoo! Inc. (YHOO) Is Killing The Alibaba IPORecently, I have been approached by a number of friends interested in investing. Most of these friends have never paid attention to the markets, or even invested or traded stocks on their own. Yet, most of these people are interested in one stock in particular. You have probably even heard the recent hype yourself... you guessed right, its the Alibaba's IPO.
Many traders and investors are aware that there is one way of participating in the Alibaba IPO, and its through Yahoo! Inc. (YHOO). However, the fact that many people are aware of this makes the trade even scarier. As experienced traders know, whenever the general public is drawn into an IPO of this magnitude, smart money will stay away from it. Instead, smart money will trade the reaction.
Allow me to elaborate on this trade...
Last year Yahoo! Inc. (YHOO) put in a low of $18.89, earlier this year it hit a high of $41.72. Looking back further in time to 2011, Yahoo! Inc. (YHOO) was trading as low as $11.09. That's when the smart money got in ahead of everyone else, and off course, before our neighbors, friends or even the different media outlets even mentioned Alibaba's IPO.
Let's take a look at Yahoo! Inc. (YHOO) performance this year. The chart below shows us that Yahoo had a small rise for the first few days of the trading year. Since then, the stock has done nothing but drift lower. It has now put in place lower highs and lower lows, which is a bearish signal for the equity going forward.
Why do you think this price action has been occurring? Isn't Alibaba's IPO supposed to be one of the greatest, biggest and most promising IPO's to hit the market in a while? Well, while media and Wall Street hype suggest that Yahoo's stock should continue to sky rocket as they will receive billions once Alibaba IPO finalizes. As technical traders, we know that this will not be the case simply by looking at Yahoo's price action shown on the charts. This IPO is already failing, we do not need to see financial documents from Alibaba nor Yahoo. Remember that the charts always give us a sneak peek into the future, and the future does not look bright for Alibaba, nor Yahoo!
Yahoo! Inc. (YHOO) is downtrending as it is now trading below the 20, 50 and 200 day moving averages. This tells us that the easy money has already been made. Yahoo's, price action is weak and the stock has a very good chance over the next few months to trade as low as $22.75 per share. This is not a good sign for Alibaba's IPO.
Smart investors must avoid the hype surrounding these two companies. However, this does not mean that there won't be buying opportunities for Yahoo. There will be many bounces along the way and as savvy and well informed technical traders, we will trade this or any other equity both on the long and short side. But the longer term outlook for Yahoo! Inc. (YHOO) as well as Alibaba is negative, and again, you must not get drawn into the hype surrounding this and other IPO's.
Learn how to profit from the Yahoo trade, or any other equity by utilizing a methodology proven to be effective over the past decade. Join the pro traders of The Elite Round Table and we will give you precise entry and exit points to profit in any kind of market. Don't follow the herd, trade with the pros and profit for life.
Kiliam Lopez
Elite Round Table, Pro Trader
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@ProTraderKiliam
