Saturday, March 22, 2014

ShareInv Article - Can Yahoo’s Shareholders Benefit From Alibaba’s IPO?

I came across the Yahoo article at shareinv web, check out the chart and find Yahoo chart is pretty nice looking(Trending stock)
Since 2012 September, YAHOO has up near 150%, following our System, it triggered a sell at 39 after breaking the purple line (Supertrend Support), now this purple line has turned into a resistance. We see $40 as a strong resistance. If Yahoo can break the resistance, i think it is worth following the trend as it is really a nice trending counter.

ShareInv Article - Can Yahoo’s Shareholders Benefit From Alibaba’s IPO?
Remember the excitement in the tech sector when Facebook and Twitter announced its IPO intent? The tech sector is about to get heated up again, with good excitement of course.China’s e-commerce player Alibaba Group Holding (Alibaba), has confirmed its IPO intent, and the IPO will file in the United States. 

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