Simple Trading YHOO – As of 20 May 2015 Close

YHOO W As of 20 May 2015 Close

Current Trend (W): UP

Abv/Below Value Zone: Inside

Next Scheduled Report Date: 13 July 2015

52 Week High: $52.62

52 Week Low: $33.02

Current Relevant Resistance: $46.17

Current Relevant Support: $39.12

Recent Close: $42.79

Comment: Yahoo looked to be left for dead yesterday as it began to break down through the bottom of the Value Area on the Weekly Chart.

What a difference a day makes.

We still have to complete the week (and confirm), but price looks set to climb.

Interestingly, support is from a high that extends all the way back to 2006.

YHOO 7Day As of 20 May 2015 Close

You guys may recall, I’m not a big fan of support and resistance from multiple years back… however, the picture here is fairly clean and precise, so the $42 area could remain significant for some time to come…

KIS,

The Trader