Posted On: 07/27/2014 6:49:32 PM
Post# of 776
QIHU: I agree........the close Friday above previous closing prices was very bullish........interesting level on the charts.........if QIHU fails to break 100 a pullback could follow........will be looking for a new support level.......the 95 - 96 zone would be the ideal level to hold IMO........the chart would be set up to continue running............checkout the 50 DMA / 200 DMA Golden Cross on the horizon.......MACD bullish crossover & RSI headed for the Power Zone............
You never know, QIHU could have a multi day pullback and test the 200 DMA support level........the breakouts that peaked the last week of May & 1st week of July were followed by multiple red days.........Friday's candle was a white spinning top which indicates indecision.........also, QIHU made a big move last week..........you might be right..........a little consolidation before the 100 level breaks............
QIHU has a nice looking chart and China Internet stocks are in play............good idea to keep an EYE on QIHU next week..............$$$
http://stockcharts.com/h-sc/ui?s=QIHU&p=D...3425325667
You never know, QIHU could have a multi day pullback and test the 200 DMA support level........the breakouts that peaked the last week of May & 1st week of July were followed by multiple red days.........Friday's candle was a white spinning top which indicates indecision.........also, QIHU made a big move last week..........you might be right..........a little consolidation before the 100 level breaks............
QIHU has a nice looking chart and China Internet stocks are in play............good idea to keep an EYE on QIHU next week..............$$$
http://stockcharts.com/h-sc/ui?s=QIHU&p=D...3425325667
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