Yahoo's stock rose in the intraday levels, scoring a fresh profit of 0.79% in the last session, or 0.29 points, with the stock starting at an intraday low at 37.31, bouncing off it higher and turning these losses into profits, with the ongoing positive pressure from the SMA for the last 50 days period, while settling above 36.16, which represents the ratio 50% of Fibonacci retracement levels for a descending wave in the medium term (from 46.17 to 26.16).

Therefore we expect more gains to come for the stock, targeting the resistance of 38.52, which represents the ratio 61.8% of the same retracement levels.