YHOO has been declining in a downward sloping channel since its earnings gap down in mid January. We have a positive divergence in the RSI on two consecutive lower lows. The ideal place to buy would be the bottom of the channel as highlighted by the blue circle.
Sunday, March 05, 2006
YHOO - Positive Divergence of the RSI
YHOO has been declining in a downward sloping channel since its earnings gap down in mid January. We have a positive divergence in the RSI on two consecutive lower lows. The ideal place to buy would be the bottom of the channel as highlighted by the blue circle.
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