SOHU, waiting for retest, entry based on candlestick patternlooking to catch sohu on the bounce. Hopefully we get a chance
SOHU
Stocks - SOHU major bullishIdea 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
$SOHU Breaks Out Of Its Wedge$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 China. The company provides online news and information through a mobile phone application, Sohu News APP; sohu.com for PCs; and m.sohu.com mobile portal, as well as online video content and service through tv.sohu.com for PCs, as well as Sohu Video APP mobile phone application. It also operates focus.cn, which provides online real estate information and services; and offers paid subscription services, interactive broadcasting services, and content through various platforms. In addition, the company operates Sogou Search, which makes information accessible for Chinese Internet users; Sogou Input Method, a cloud-based Chinese language input software; Sogou Browser for Web navigation; Sogou Web Directory, a content aggregation and distribution platform; and Sogou Translation to deliver language translation, as well as offers auction-based pay-for-click services for advertisers. Further, it offers Internet value-added services, including the operation of Web and mobile games developed by third parties; online reading services and smart hardware products; online games; and cinema advertising services. Additionally, the company operates 17173.com Website, a game information portal; and RaidCall, which provides online music and entertainment services. Sohu.com Inc. was founded in 1996 and is headquartered in Beijing, the People's Republic of China.
As always, use protective stops and trade with caution.
Good luck to all!
BABA Swing Long StalkingDirectional 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.
Intraday Setup on break of resistanceSOHU 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
SOHU May Be Ready To Close Oct 24 GapThe 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.
Head and Shoulders for SOHU on Weekly ChartMany 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 multi-year trend channel.
If losses in China accelerate, it could go through that trend bottom quickly to 34.00, and
with the long standing head and shoulder pattern, it could accelerate even lower.
The pattern has the top at 100+ with the neckline close to 40.00. That would indicate a potential
0.00 stock price/bankruptcy unless the federal banks and Chinese government act accordingly.
