Wednesday, January 18, 2012

18th Jan 2012 – Pattern Study - YOKU

Ticker:

 

  1. YOKU

 

Topic:

 

  1. My "darling" stock is back on track again.

 

Lesson Learnt:

 

  1. Daily chart shows that the price is now back above all MA lines.
  1. It is now testing the resistance line again.
  2. It has a double bottom on the month of Nov 2011. Bottom seems to be in already.
  1. Expect buyer to rush in once resistance line is taken down.

 

Intraday Chart

-NA-

 

Historical Chart

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