I found this stock while screening, and looked deeper into it, its very interesting on both ends, the technicals but also the fundamentals look promising.
The 17$ level is a big support levels dating back for years, we have seen very strong reversal start from this level in the past. I expect bulls to defend this level for the time coming.
I encourage you to also take a good look into the fundamentals of this stock.
If you like you can check out this article i found:
https://konekoresearch.com/2018/05/01/whats-next-after-the-changyou-dividend-and-sohu-liquidation/
As always this is just my opinion, and not a trading recommendation, please do your own research and use wise moneymanagement, even the best setups can fail badly and result in big losses!
Blessings to you all, and stay patient!
The 17$ level is a big support levels dating back for years, we have seen very strong reversal start from this level in the past. I expect bulls to defend this level for the time coming.
I encourage you to also take a good look into the fundamentals of this stock.
If you like you can check out this article i found:
https://konekoresearch.com/2018/05/01/whats-next-after-the-changyou-dividend-and-sohu-liquidation/
As always this is just my opinion, and not a trading recommendation, please do your own research and use wise moneymanagement, even the best setups can fail badly and result in big losses!
Blessings to you all, and stay patient!
Comment:
+5% already moving stop to breakeven and letting it do its thing.
