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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: hasan syed who wrote (25348)	2/8/2000 2:59:00 AM
From: Shafik Habal	Respond to of 27307

H, allow me to add that at the moment, YHOO's right above the 22 and 50 dma. However, I disagree on the short term overbought reason you mentioned. The swings in the stock, as Peter Church has often mentioned in his posts, can rectify a short term overbought/oversold condition quite effectively and easily. Thus traditional technical analysis may not prove as effective. The indicator I use in conjuction w/ the RSI and MACD is the Williams % R. Perhaps you may find it helpful as well. Notice the breakout in December, along w/ the subsequent peak in stock price in early January. Now graph the Willy % R and you'll see it was ALWAYS short term overbought. Any student of technical analysis will appreciate this excellent example of "false" T/A :-) Good luck. Regards, SH PS I agree w/ the resistance in the 370 range (what's 5 pts either way really on such a pricey stock ?) Upper resistance afterwards per my indicators is 410ish