Tuesday, February 14, 2017

Annual Forecast on Yahoo! (2017)

Yahoo! stock (NASDAQ:YHOO) has been in an uptrend since the beginning of this year. Price trudged south in the last few months of 2016, but that trend is now being reversed.

Price went above the upper Trendline in January 2017, and it has continue going upward since then. The RSI period 14 is above the level 70. This shows a strong uptrend in the market.

While there may be temporary bearish retracements on Yahoo!, the overall movement for 2017 would be bullish as more and more important resistance levels are breached to the upside.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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