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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST

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To: DAY TRADER who wrote (19100)1/26/1999 12:38:00 AM
From: Howard Hoffman  Read Replies (3) of 27307
 
The last two sessions have shown declining volume. The trade today showed an early rise on decent volume, followed by a drop-off on very light volume. In the last hour someone big stepped up to the plate and drove the price to the high. Overall, 2 up days on declining volume is not especially bullish.

Meanwhile, over on AMZN, the Head and Shoulders pattern can be confirmed in a day or two of continued down trading. The declining neckline is especially bearish.

The YHOO H&S is still possible, but with a rising neckline, less bearish. A close below around 270 in the next few days would be very bearish for YHOO.
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