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 been showing terrific relative strength against a basket of other Chinese ADR's and the KWEB etf. Last quarter was a 400% earnings upside surprise, and technically speaking, you could look at this as a large cup and handle pattern trying to break to the up side. At symmetry here, could this be a tremendous value buy? Or will the CCP keep up the antics? Stay tuned!
I guess one could be excused for thinking that this candle was the result of some stop losses been triggered and smart buyers coming in and supporting the price at lower levels. It looks like short term uptrend support held. No position because I was stopped out (ouch), but considering getting back in again.
BREAKOUT STOCK ALERT
$SOHU - Sohu.com Limited - American Depositary Shares
Initial Alert Price: $17.87
Potential Price: $20.87
Potential Gains: 16.79
Stop Loss Limit: $
Looking for a nice 10-15% Swing Trade on SOHU moving into today's trading session. The stock is currently trading mid-way within the $15.57 - $20.87 Price Ranges and is currently showing movement...
Sohu has started moving up strongly and started to consolidate after some big moves. This consolidation seems to be getting closer to a point of expansion once again. Warning: Earnings is due shortly, and if earnings disappoint, the move could be down. Trade with caution. Target for a breakout to the top is close to $30.
Contextual immersion trading strategy idea.
Sohu.com Limited provides online media, search, and game services on personal computers (PCs) and mobile devices in the People's Republic of China.
The share price fell after bad earnings. It looks like it will continue falling.
The demand for shares of the company still looks lower than the supply.
So I opened a...
$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...
