so, did a post about the Alibaba ($BABA) fever and full expected that upper target up/around 48 to get tagged and then some selling to come in … well YHOO had been pounced lately (roughly -15%) and now we just completed an intraday SELL pattern as shown here:
so, here’s the daily pattern that hit …
in conclusion, need to watch this level very closely for weakness. if YHOO continues up w/ strength then it might capture the upper 48 target posted here:
let me know if you have any questions.