Yahoo tries to garner positive momentum - Analysis - 27-03-2017

Yahoo's stock (YHOO) fell in the short-term trading, recording a loss of 0.43% in the last session, or 0.20 points, as the stock tries to gather momentum to help it rise again and pierce the important resistance of 46.74, while moving within an ascending short-term price channel as shown in the attached chart, with ongoing positive pressure from the SMA for the last 50 days period, coupled with an influx of positive signals from relative power indicators. 

Therefore we expect the stock to return higher in the coming trading, provided it pierces the resistance of 46.74, targeting thereafter the resistance of 47.61.