YHOO is breaking out from its downtrend line. If you like to play break out, it’s the time. Or you can wait for its pullback, but the pullback should not dip below the downtrend line.
Monthly Archives: April 2005
QQQQ
QQQQ still has a lot to catch up. The overhead downtrend line is heavy.
INDU
INDU is stablizing above the support area, a good sign to the bulls.
GOOG bouncing back
GOOG is bouncing back but at much slower pace! The recent resistence has become the new support. The new resistence is around 199.
HNP
HNP is right at the previous high after breaking the uptrend line. It’s probably fueld by recent news on China’s rising retail price in electricity. Since it’s forming a double top, it’s more likely to see it come down again or at least a pull back.