Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Monday, December 28, 2015

YHOO At Pivotal Juncture

YHOOs 3 month uphill pink channel is continuing to chip away at the heavy resistance of the center line of its long term blue channel and upper line of its midterm green channel.  It has broken across both of these lines in the past couple of months but fell back.  It can be argued that the pullback was caused by the upper line of its 3-month pink channel.  A lot of times a stock will approach a breakout point slowly because of a well defined slightly inclined short term channel.

click on image to enlarge

YHOO could really do anything at this juncture, the chart is just too mixed and conflicting.

Trade well my friends


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