YHOO: 5-2-07: Trade Setup

YHOO is a great short term bullish trade. Check out the charts below. First, there was a bearish volume spike down. Price action is telling us it wants to fill half the gap (min.). Second, three “buyers” bars are now seen which indicates a short term bullish trade. Price is trying to equilize and go back the Kijun Sen at 29.08.
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About the Author Manesh Patel