Altaba Inc. (AABA) Report– Bullish Signal Indicated Continuation of the Primary Uptrend
This report outlines the trigger of a four month long bullish continuation pattern that formed within a predominant uptrend. It outlines an increase in volume that added confidence to the bullish trigger. In addition, an actionable buy opportunity and money management objectives are outlined, including target and protective stops.
Altaba is a publicly traded, non-diversified, closed-end management investment company. The company's investment objective is to seek to increase the price per share at which it trades relative to then-existing values of its principal underlying assets (the Alibaba Group Holding Limited (Alibaba) ordinary shares and American Depositary Shares and Yahoo Japan Corporation (Yahoo Japan) shares of common stock). In addition to the Alibaba shares and Yahoo Japan shares, the company also owns investments in certain additional companies Excalibur IP, LLC, which owns a portfolio of patent assets and short-term investments.
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