Sohu.com Inc (NASDAQ: SOHU)

Sohu.com Inc. provides online media, search, gaming, community, and mobile services in the People’s Republic of China. The company’s brand advertising business offers advertisements on its Websites to companies to enhance brand awareness; and search and others business provides customers pay-for-click and online marketing services. Its online game business develops, operates, and licenses online games and Web games; mobile business offers short messaging services, mobile games and, ring back tones, and interactive voice response to mobile phone users; and others business offers Internet value-added services and licensed video content.
To review Sohu’s stock, please take a look at the 1-year chart of SOHU (Sohu.com, Inc.) below with my added notations:

After breaking its key support level of $60, SOHU has been trading sideways for the last 2 months. Over that period of time the stock has formed a clear resistance level at $60 (red), which, again, was the prior support. In addition, the stock has also created a strong level of support at $55 (blue). At some point the stock will have to break one of the two levels that the sideways consolidation has created.

The Tale of the Tape: SOHU has clear levels of support ($55) and resistance ($60). The possible long positions on the stock would be either on a pullback to $55, or on a breakout above $60. The ideal short opportunity would be on a break below $55.
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