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Thursday, June 07, 2007 

YHOO under support

Chart courtesy of stockcharts

Shares of Yahoo were down nearly 2.80% today to 27.44$. Technically speaking, the selling continued today and every move up was rebuffed, stock is trading in a Bearish side and it finished the session under the major support at 27.37$. So, be careful for a possibility break down of this value, because next support is only at 25.25$ as show the chart. MACD and RSI both are in territory Bearish, however looks like it may get a bounce here as it is finding converging support. I'll be watching this one closely for a possible alert if break the support.

Chart courtesy of stockcharts

Keep an eye on AVCI shares tomorrow for a possible breakout over 9.7$.

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 !!!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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