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: Rommy B. who wrote (21929)	6/6/1999 1:40:00 AM
From: -	Read Replies (1) of 27307

Rommy, You're right YHOO was showing great relative strength Friday in the net sector; it did the same thing on a big rally the previous Friday. Maybe this time is will follow through. The $149-$151 area is major overhead resistance -- it served as support for a long time when YHOO traded above that level. IMHO if the issue can break conclusively through that level and close there, it should stay above $150 on this run. Monday is a good shot to break that level if (tech, not cyclical;) stocks open strong out of the gate. You're right, the institutional shorts should be covering like crazy here, if the net sector follows through with more "up" action... and YHOO has been in a contracted volatility mode for a while, so it is ripe for some large-range days (like, a few big UP days). However, it's now facing a lot of overhead supply to work through on it's way back up...

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