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

To: Robert Sievers who wrote (7175)	2/6/1998 5:52:00 PM
From: Bankceo	Read Replies (1) \| Respond to of 27307

The weekly downtrend line suggests a trading range of 56 to 66. If we break through 66 we could retest 71; however, more likely we will drop to the low end of the range and test 56 area. The recent bounce off of the 58 level is on relatively low volume and is modestly bearish. The right shoulder on the H & S pattern needs a drop to 55 or so to be in place. The longs are not giving up yet though all of the signs of a substantial price decrease is coming together.The intermediate term MA is now about 57 and leveling off. We are in a trading range until we test this MA. Of course, on any rational basis, the stock is way over valued. So we will need patience for rational thinking to correct the pricing irrationality. Any piece of bad news should do it. Think of a spin top running out of steam. Wobbly movements...then...fall.