High wave bearish deliberation

NASDAQ:SOHU   Sohu.com Limited
Profit taking hit the stock today after it gaped up and pushed higher. Close to $50 which would have market its first time it moves 50 area since met a serious profit takers helped by short sellers. This bearish pattern needs confirmation. Do not expect that much pull back but at 45 area will be a great buying opportunity. If you decide to short this make your stop loss at recent swing high 49.70 with target price $45


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.