SOHU May Be Ready To Close Oct 24 Gap

The long tail on Monday's candlestick shows the market maybe ready to support the stock at this level, and an insider buy of 48,000 shares from the CEO has piqued my interest.

Bullish if it clears the $37.28 resistance established on December 13.

Bearish if it falls below $33.78 support.

Kommentera:

Up 10.68% since called. 7.57% higher to close the gap.

Broke resistance, establishing new base. Minor gaps on January 3, and 4 should probably be noted.