currently it is in the downward swing but that can be attributed to the poor performance of the US stock maket over the previous two days. this weeks going to be fairly interesting to see whether investors keep selling it or help resume its upward trend from Monday.
Going Long under consolidation.
I would atleast like QihU to come to 80-82 range and test the support twice to buy the stock.
Buy at : 78-80 level.
Stop Loss at: 70
Target Profit 1: 94
Target Profit 2 (if planning to hold for long term): 118