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Wednesday, October 10, 2007 

YHOO is one of my top picks for 2008

Chart courtesy of stockcharts

Well, I'll talk again about YHOO because it seems to me a good option for the long term, due to the latest changes that company is making to become more competitive and efficient and also the smart move on Alibaba. Some of you probably will criticize me, but anyway I'm still Bullish on stock even after a jump of more than 25% in the past month, when I alerted that stock had broken the downtrend line and the short positions had decreased 17%. Both factors put more confident about the future of share price and I think the worst in almost over and it's time to grow with an eye on China market. It seems that a lot of Investors are often ignoring the billions that Yahoo has in play in Japan, China, and Korea. YHOO is one of my top picks for 2008. Finally a good article was written focused on YAHOO versus GOOGLE, click here to check it. Anyway here is the technical picture of stock at this moment. YHOO is presently trading within the uptrend channel marked by the white parallel lines in the chart above. With MACD on top of 0 showing bull market and KD at high level the stock should kept going for now.

Chart courtesy of stockcharts

VIVO shares are still moving in a strong Upside momentum. Stock rose 2% today to $34.09. Technically speaking and based on the indications of chart above, VIVO shares should continue to move up for long term but be aware that RSI is extremely high, so pay attention to this factor. Don’t be surprised if the stock hits new highs tomorrow.

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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