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Yahoo! Inc. – Equities of interest

November 27, 2012 by FxIgor

Joel Kruger suggests this interesting Equities in his section Equities of interest :
Yahoo! Inc. (NASD: YHOO)

The fundamentals have improved dramatically and market participants are taking advantage. However, as I warned last week, rallies were expected to be very well capped ahead of $20, with the market testing some strong medium-term resistance. This in conjunction with severely overbought technical readings, a bearish formation on Monday, and the expectation for broader equity market weakness, point to a bout of profit taking ahead, which could very well open a healthy retreat back into the $15-16 range. Only there would I recommend considering the establishment of fresh longs.

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Filed Under: Equities of interest

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I am forex trader from 2009. and I am making autotrading systems using Metatrader EA. In this blog I will share my thoughts about daily forex traders, market forexcast, top forex brokers.

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