Do you believe in this Sell-off ?
Do you believe in this Sell-off ? Last time the market sold off in August, there was a big rally back up, so I think the possible of a same scenario occur is high. Nasdaq has a good support under its 13 dma, so keep an eye on this mark.
During today session YHOO successfully tested $30 support. Volume decreased dramatically, a possible signal of invertion to start a new uptrend after profit taking. $30 it's really a key support for stock, only a close below this mark could mean a new sell-off, so keep an eye on this mark.
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.
That's All. Have a nice evening !!!
AC
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.
That's All. Have a nice evening !!!
AC
