Sunday, November 06, 2005 9:03:46 PM
YHOO Longer Term Charts:
3Year/Monthly:
It's been consolidating in an uptrend for over a year now...
All three moving averages are turning up...
The chart pattern YTD is a double-bottom with a breakout at 38.95 and already has been challenged this month with a 38.71...The way I measure potential yields of chart patterns say this double-bottom should yield up to 45.00-46.00...The upper Bollinger Band is at 40.00 so that is the potential near term target...The RSI and Stochastics are upticking and not overbought...The DMI+ may cross up through the ADX, and the MACD Histogram is trying to bust up through zero...Overall, this is a Very Bullish long term chart IMO.
1Year/Weekly:
Here's a better look at the double-bottom...With last weeks candlestick closing above the upper Bollinger Band, a consolidation may be needed...The RSI is in good territory, the Stochastics fast line is approaching Overbought but still above the slow line, The DMI's are diverging sharply, and the MACD did a perfect crossover above zero two weeks ago, and the Volume last week was way above average...
3Month/Daily:
It's consolidating after that $3.00 run in two days last week...It looks like it could still have some more upside to it here...Look for a high Volume day for it to get interesting...
3Year/Monthly:
It's been consolidating in an uptrend for over a year now...
All three moving averages are turning up...
The chart pattern YTD is a double-bottom with a breakout at 38.95 and already has been challenged this month with a 38.71...The way I measure potential yields of chart patterns say this double-bottom should yield up to 45.00-46.00...The upper Bollinger Band is at 40.00 so that is the potential near term target...The RSI and Stochastics are upticking and not overbought...The DMI+ may cross up through the ADX, and the MACD Histogram is trying to bust up through zero...Overall, this is a Very Bullish long term chart IMO.
1Year/Weekly:
Here's a better look at the double-bottom...With last weeks candlestick closing above the upper Bollinger Band, a consolidation may be needed...The RSI is in good territory, the Stochastics fast line is approaching Overbought but still above the slow line, The DMI's are diverging sharply, and the MACD did a perfect crossover above zero two weeks ago, and the Volume last week was way above average...
3Month/Daily:
It's consolidating after that $3.00 run in two days last week...It looks like it could still have some more upside to it here...Look for a high Volume day for it to get interesting...
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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