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
Super Trading Strategies: Super Strategies
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