22Apr12:17 pmEST
A Good Look at Bouncing Along
As we have seen with the likes of AAPL FB of late, bulls seem unfazed even as price leans down against well-defined support.
YHOO is another example of this circumstance, post-earnings against that $44 level. If buyers can keep defending it, then the key remains the sideways channel (light blue lines), and no short trade despite the tempting setup.
As for long ideas, MA and V caught favorable China news this morning and are holding their own respective supports off of it, while MCD is fading quite hard into midday off its earnings pop.
