29.06.2015 - We expect a decline of the price of Yahoo shares

Yahoo's stock price began a sharp decline, and reached an important support level at 40.00, which coincides with the local minimum. In case of price rebound from this level, quotes will rise to 41.60 and the upper boundary of the channel. On the other hand, more likely is a continuation of the downward price movement below 40.00, fixing below which will be a signal to sell with the first targets at 38.00 and 35.50. We expect a drop in the price in the near future.

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