Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Don Westermeyer who wrote (7318)	2/14/1998 2:38:00 AM
From: Don Earl	Read Replies (1) of 27307

Hi Don, Well, the first level would have been 66 1/8, which broke today. The next level would be around 68. If you draw a line across the lows and across the tops of the volume, you can see a pattern of volume dropping as the price goes up. From a TA stand point, it's a very bad place to own stock. As I see it there are three patterns that could form from here: 1. It could go through 71 and continue the upward trend. 2. It could go to almost 68 or 71 and fail, forming a double top. 3. It could continue the current topping pattern by volume dropping off in a narrow trading range, then starting to drift down on increasing volume. I suppose anything is still possible at this point, but the charts still favor the short position. The run from mid 30s to 70 was way too fast to hold up. The effort being exerted to hold it in the mid 60s until options expire is almost painful to watch. It's like watching Asia try to defend their currencies. When that effort stops, YHOO should go into free fall. Regards, Don

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