Hey guys in the FT today there was a report that Murdoch wants to go in further into internet stocks. There are talks of 25% of Yahoo.
So far looking at YHOO and Valueclick (VCLK) charts they seem good buys:
1) YHOO:
It is trading near lows. +DMI is just dominant on both daily and weekly chart. Hammer formed on 13/06. Also divergence in both RSI and MACD (daily)
2) VCLK
Trading at bottom of window fomed on 18/05 and at 100 day EMA (weekly 20EMA). Although -DMI just dominant on daily chart, weekly is still comfortably in a bull trend.
I really dont know jack about fundamentals (not that i do technicals
) but If you guys who study the internet market can think of with other potential targets for Murdoch they could be worth considering. Maybe we could have another AQNT coming up.
So far looking at YHOO and Valueclick (VCLK) charts they seem good buys:
1) YHOO:
It is trading near lows. +DMI is just dominant on both daily and weekly chart. Hammer formed on 13/06. Also divergence in both RSI and MACD (daily)
2) VCLK
Trading at bottom of window fomed on 18/05 and at 100 day EMA (weekly 20EMA). Although -DMI just dominant on daily chart, weekly is still comfortably in a bull trend.
I really dont know jack about fundamentals (not that i do technicals
) but If you guys who study the internet market can think of with other potential targets for Murdoch they could be worth considering. Maybe we could have another AQNT coming up.