looking to catch sohu on the bounce. Hopefully we get a chance
Idea for SOHU: - China is now beginning an easing cycle. - While rising yields may take the wind out of US tech's sails, there is an opportunity in China tech, if one can stomach the regulation risks. - Price has formed an immensely bullish setup (C&H/Bull Flag). GLHF - DPT
$SOHU has broken out to the upside and looks set to continue climbing. $SOHU has been in a downtrend and is down 34% YTD. With a 52 week range of $8.79 to $22.71, there's a lot more room to the upside for $SOHU to run. Sohu.com Limited provides online media, search, and game services on personal computers (PCs) and mobile devices in the People's Republic of...
Directional Bias: Long Price Target: 175 Good Entry: 138-144 Risk/Reward: $5 max risk - $20 reward If we see an opportunity at 138-144 area,we should take it with a risk of $5 a share. A nice short squeeze can get price back to 175 in quick order.
SOHU has broken out to highs on its daily with big momo and expanding volume. we are flagging out intrday for another run. its on the curl right now on 5/15minutes
The long tail on Monday's candlestick shows the market maybe ready to support the stock at this level, and an insider buy of 48,000 shares from the CEO has piqued my interest. Bullish if it clears the $37.28 resistance established on December 13. Bearish if it falls below $33.78 support.
Many are asking if the sell-off in Chinese stocks has stopped after the last two weeks' beatings. It looks like they are for now, or with moderate downside in the next 5-10 trading days. Looking at SOHU, it lost nearly 30% of its value in two weeks. Looking at the long term chart, SOHU can lose about 17% from its current price to reach the bottom of a...