Technical Update on Yahoo!
———————–YAHOO!———————–
Daily:
Strong $24.74 horizontal support-base from August 13 2007 to November 12, 2007. Daily Chart Pattern called an Ascending Triangle is forming. This is a bullish sign! The top part of the triangle is flat and the bottom is slanting up, showing that the Bears are losing; we just need one more day testing for the third time the bottom of the Acending Triangle and all is well. We’ve entered earlier around $26-$27 because of other reasons.
Weekly:
Possible Weekly Inverted Head and shoulders forming. The right tip is consolidating at 78.2% fib, exactly where there is strong horizontal support.
Extra- Video Update on AT&T from Standard and Poors:
mms://a1802.v19724b.c19724.g.vm.akamaistream.net/7/1802/19724/v0001/streamlogics.download.akamai.com/25711/S_and_P/sptv-survey-108.wmv
