There's not much more to say here than: look at this chart! Multi-year resistance in YHOO is at $19 and this time it sure looks like YHOO is serious about breaking above this level. While very near-term this stock could be extended, if looked at with at least a couple months of time-frame I think […]
After reporting earnings last Thursday the stock has come back to a the $20 area which previously served as resistance. We think a trade is setting up here for a bucket 2 swing trrade.
AMZN has been a rocket ship after announcing earnings last week. Most notably it broke above the key resistance area of $192 on good volume. We are expecting a little consolidation here before the stock heads to higher levels.
We are looking at BJ as a potential bucket 2 long trade for next week. The chart speaks for itself. A private equity firm is said to be bidding for BJ ($3 billion plus), so take that into consideration. More on this tomorrow.