With China internet stocks running in front of the upcoming BABA IPO, keep an eye on SOHU trying to hammer out (yellow arrows on daily chart, below) a bottom at the bottom of its recent, well-defined range.
Upside follow-through tomorrow and early next week should offer some type of quick long trade, with a stop-loss not far from $54.
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why not take the trade tomorrow above todays hi and use todays low as the stop
That’s my preference.
SCOK!!!!
after re-reading your post I see u were pretty much saying the same thing, sorry to fast to reply , thanx for the reply and the tweets u put out, I need to join 12631 as I like your style.
Thank you, rscip. I appreciate that. Feel free to ask any questions about 12631.
There you go Sbux, keep it up
Need a move under $76 now.
agreed, work into that gap there
And the h&s top.
Ive been looking for a good mentor for swing trading not to much day or short trades. Does 12631 cater to my style?
Absolutely. We have plenty of longtime members who came to us with your goals.
No love for Qihoo? At this rate, does it seem due for a bounce tomorrow or next week?
It should have bounced already–a little concerning there.