US equity market extended all time highs

Market Overview:-

US equity market extended all time highs as small cap companies rallied amidst merger activity. But the overall gains in the market were modest with S&p500 gaining 0.09% and Dow ending up at 0.11% only. Jolts Job openings data is due on Tuesday which is expected to come positive for the economy supporting the rally of Monday's small cap gains.

YAHOO INC

STOCK SUMMARY:-
Yahoo Inc is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $36.50 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $38.05.

CHART FORMATION
Stock is in bullish trend for near term and price has given breakout above the trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $36.50 is expected, which would trigger bullish sentiment in the stock to test the levels of $38.05.

INDICATORS:-
RSI is trading with positive bias and in MACD signal line is sustaining over MACD line which  is indicating  the bullish sentiment in the stock.

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