The price movement on Yahoo! is nearly similar to the price movement on Ebay (NASDAQ:EBAY). The price of the shares was bullish for the most part of the year 2014 and it consolidated around the end of that year. In January 2015, there was a transient plunge in the market, which was ended abruptly as the bulls continue to hold on to their determination.
Since the bulls continue to defend their determination to push the price upwards, the price has gone above the EMA 21, while the Williams’ Percentage Range period 21 is around the overbought region. This shows an ongoing stamina in the market. Generally, the market can move upwards by over 1000 points this year, reaching the distribution territory at 60.00 (the price may even breach the distribution territory to the upside).
This forecast is ended by the quote below:
“Trading is a business and you have to invest much time to become a good trader. If you are not ready to do so, you have to trust your money to someone who is already successful.” – Julian Komar
Learn from the Generals of the Markets: Market Generals
CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).
This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.
Hot Features
Premium
Register for real-time alerts, custom portfolio, and market movers
