Perfect setup forming 12% target 3-4% stop at 61.8% retracement but i set extra room and will prolly tighten as it progresses (stocks has high intraday volatility.) will raise on headline risk or bearish candles. $85.83. Is the real place this stock has to hold!
I'm bullish QIHU long term, but being very careful on all trades and reducing risk amount due to "GEO Political Headline Risk"
1. oversold on RSI with near identical pops in march 2013 and may 14
2. Bollinger Band bounce, Safer trade would be waiting to enter trade Tomorrow if we get Bullish Confirmation
3. Strong Support below entry.
4.Pattern has been repeated again and again
5. Strength on a overall weak day*******( just shows how strong of a setup and is at such a key level in this stocks life.
I am long this Stock and this is adding additional exposure with different time frames and goals and trade these positions with additional shares when a good setup happens.
I'm bullish QIHU long term, but being very careful on all trades and reducing risk amount due to "GEO Political Headline Risk"
1. oversold on RSI with near identical pops in march 2013 and may 14
2. Bollinger Band bounce, Safer trade would be waiting to enter trade Tomorrow if we get Bullish Confirmation
3. Strong Support below entry.
4.Pattern has been repeated again and again
5. Strength on a overall weak day*******( just shows how strong of a setup and is at such a key level in this stocks life.
I am long this Stock and this is adding additional exposure with different time frames and goals and trade these positions with additional shares when a good setup happens.