Stock Technical indicators to notice in YAHOO (YHO.F)
1- Last bullish trend was from 11.42 $ (12/19/2011) to 12.50 $ (1/3/2012) a 1.08 $ move 2- The current bearish trend started from 12.50 $ at 1/3/2012 and is currently trading at 11.85 $.
4- YHO.F current resistance level is at 11.96 which is the 50.00 % fibonacci retracement of the last 1.08 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
YAHOO (YHO.F) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 11.420 and 11.300, and is currently supporting at 11.637.
YAHOO (YHO.F) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 11.420 and 11.020 that was broken down at 11.850 transforming into a resistance line.
YAHOO (YHO.F) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 4.170 $ height triangle which was broken up at 10.800, target of the pattern is 14.970 which was broken down at 11.800, target of the pattern is 7.630.
Stock Trading Conclusion:
YAHOO (YHO.F) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 11.96, 12.00, 12.03, 12.09, 12.10, 12.18, 12.25, 12.25, 12.50, 13.62, 14.97.
Stock Support levels : 11.83, 11.64, 11.42, 11.13, 10.75, 9.10,.
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