|
SOHU.COM
(SOHU-Nasdaq):
Technical Viewpoint: From a low
of $60.00 on Sep 1, 2009 prices
rallied, reaching a
high of $72.29
on Sep 17, 2009. A
decline saw prices pull back, reaching a
low of
$62.63 on Oct 13, 2009.
Another rally saw prices penetrate
resistance, closing 10/23/09
at $71.35. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 20, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $67.51. Resistance: Is at $71.59.
Point & Figure: Reversed to the upside on Oct 19, 2009. A P&F upside
reversal takes place at $68.00. Summary: Technical indicators have turned bullish. BUY! SOHU.COM
(SOHU-Nasdaq) @ $71.63 Stop: Use a protective stop of $69.13.
SOHU.COM is currently trading @ $71.35 plus $2.61 on Oct 23, 2009. Price Objective:
$85.00. Risk/Reward: $2.50 VS. $13.37. Today's Risk Reward Ratio: 5:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$85.00
Risk/Reward:
$2.50 VS. $13.37
Risk/Reward Ratio:
5:1
|
