YHOO - the potential breakout... But which way?
Looking at the chart, one can notice decreased volatility in the recent couple of days. The triangle have formed on the daily chart.. Moreover, the pattern of lower highs but higher lows pushing stock sideways prior to earnings!
Given recent events such as Alibaba IPO and Starboard involvement, i predict stock has more chance to breakout upwards prior\after the earnings given Marissa Mayer will come up with something that will be beneficial to the company's future. Investment in Snapchat was also the smart one, IMHO, given that the company will be eiither go public or get acquired, or both, which will multiply Yahoo investment in it. I'm long.
Give me your opinion in comments!
Given recent events such as Alibaba IPO and Starboard involvement, i predict stock has more chance to breakout upwards prior\after the earnings given Marissa Mayer will come up with something that will be beneficial to the company's future. Investment in Snapchat was also the smart one, IMHO, given that the company will be eiither go public or get acquired, or both, which will multiply Yahoo investment in it. I'm long.
Give me your opinion in comments!
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