(SOHU) Nears Technical Breakup

Shares of (SOHU) have been artificially suppressed because of the trade war tensions. However, that may not last much longer. The technical chart on shows a major breakout on the verge. Any closing price on Sohu above $10.50 should trigger major upside. There is almost 60% upside in the near-term with long-term (1 year out) being $30.00, an almost 200% move. The key again is a break above the down-sloping trend line shown on the chart below. Lots of money sits on the sidelines on these names but it will rush in soon.

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.