Gold daily analysis
September 4, 2014
Gold daily analysis
September 9, 2014

Yahoo has been on our watch list from late August when we first noted the important triangle break out around 37-38$. The Yahoo shares have since then been part of our managed portfolio. We entered long at 37$ and posted our alert through Stocktwits soon afterwards.

TIMESTAMP

Below is my longer-term charts on Yahoo pointing higher towards 43$ or even 49$. Price remains inside the upward sloping channel and the 7 month consolidation is finally over by a strong break out above the triangle formation. This is the buy signal I have followed.

yhoo

As far as Ichimoku terms are concerned, the chart is fully bullish with price above the cloud and Chiku span above the price candles. Both kijun-sen and tenkan-sen have a positive slope and all agree to more upside in this stock as far as the daily chart is concerned.

yhoo

Support is found at 35$ and I do not expect it to be reached unless we see price break below short-term support at 37.50$. Trend remains bullish as price is making higher highs and higher lows. Even the weekly chart  has just given a bullish crossover between the kijun- and tenkan-sen while the Chiku span is starting to move above the price candlesticks. The cloud is below current price and new highs are now expected.

YHOO2

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Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.