DizkoverFibonacci says #YHOO could hit $40 soon
Updated December 12, 2013 ● 1,145 views
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Yahoo (YHOO) have been performing well in the past couple of weeks. Looking at the chart, it might not be too late to get on board.
YHOO is just trading at $37 level. The chart above tells me that it could be aiming for $40 using the ABC Fibonacci chart. 100% just falls right at the $40 level.
I just bought some JAN 40 CALL. If the price goes below 50% (below $36), the trade might not be working and should consider SELL for a loss. Goodluck to those who follows my trading ideas.
If you are new to Dizkover, join now and follow this Stocks channel! I often post my trading ideas and tips here first before I post anywhere else.
UPDATE 12/04:
1. JAN calls up 45%!
2. BTMFD!!! :) Bought additional DEC calls this morning up 95%!
Now you might wonder why I bought additional position. The price action this morning dipped and bounced off the 50% Fib level support (close to $36). So ovbiously, 50% level was a strong support. I predicted it would bounce all the way up past 61.8%. Past 78.6% should guarantee $40.
Congrats to all who bought calls!
To all followers, I have posted winning trades for #BAC, #MNST, #AAPL, #DDD, and #LGF last week. And yesterday, I alerted everyone on HPQ for possible breakout. #HPQ closed to a new 52-week high today.
Keep coming back. I will post some #TSLA chart soon. This one looks like is about to pop higher!
UPDATE 12/5: DEC call up 180%, JAN call up 120%. Trimmed position and took some profit.
UPDATE 12/6: Sold all remaining position with 250% profit. I might re-enter trade next week depending on how the option IV looks.
UPDATE 12/9: Trading just below $39. Might bounce from 20hMA to continue $40 target. Bought some weekly options.
UPDATE 12/10: $40 target reached, extra 100% profit from yesterday's call. Out of YHOO calls. Now this will most likely to pullback since it's at top of trend channel and at exact fib level. Grabbed some JAN puts for likely pullback.
Congrats to all who traded my alerts!
Also read: How To Trade Using Fibonacci Retracements | #FB #TSLA
Past trading performance:
Nice chart!!! YHOO just blasted off today above $38!
BullRun · 10 years agopermalink · reply (0)
Zooommmm!
YHOO is a rocket today! :)
David · 10 years agopermalink · reply (1)
@David: Great job! Those who bought DEC calls at the opening bell would have made over 200% in one day!
JoeBiggs · 10 years agopermalink · reply
Great chart man! I'm now following you at Stocktwits. I got some DEC calls today and i'm up 45% right away!
money101 · 10 years agopermalink · reply (0)
YHOO hit $40... right on the money!
David · 10 years agopermalink · reply (0)
Hi,
I see your chart is using Fibonacci. What books are good to learn Fibonacci trading?
stocknews · 10 years agopermalink · reply (3)
@stocknews: You know, I just downloaded a PDF file a long time ago. I don't remember where I got it. Just google "Fibonacci trading pdf".
David · 10 years agopermalink · reply
@David: Hi David, I am new to fibs trading, thanks so much for sharing all the knowledge. How do I subscribe to your alerts?
azbaliga · 10 years agopermalink · reply
@azbaliga: I post my alerts here once in a while. You can just check my profile for any new posts for now.
David · 10 years agopermalink · reply
I'm starting on stocks trading. What do you mean "JAN calls"?
MissBelle · 10 years agopermalink · reply (1)
@MissBelle: JAN calls is a term for "options" trading. It's January calls. When you buy options, the basics are buying CALLS (bullish) or PUTS (bearish). It's a much riskier trading compared to buying common stocks. What's good with options is high leverage. For example, if you buy one contract, that's equal to 100 shares.
If you are right with your trade, you could make 100% profit in just one day! If you are wrong... you could lose big too. So I always depend on technical analysis (charting).
David · 10 years agopermalink · reply
I have the same chart. I think YHOO will hit 40 by next week.
stocksguru · 10 years agopermalink · reply (0)
Congratulations to everyone and to myself. YHOO ripped it up today! :)
awesome8 · 10 years agopermalink · reply (0)
This is a beautiful chart. What stock trading software are you using for charting?
awesome8 · 10 years agopermalink · reply (1)
@awesome8: I'm using the trading platform software provided by TDAmeritrade.
David · 10 years agopermalink · reply