RE: US Stocks - Watchlist and Discussion
QIHU - A blast from the past as was originally highlighted in post#5 http://stageanalysis.net/forum/showthrea...d=91#pid91 in early March 2013 when it was on the cusp of making it's first Stage 2 continuation attempt following it's Stage 2A breakout in December 2012. It went on to have an exceptional 250%+ additional Stage 2 run from when it made the breakout from the consolidation. And so it's nice to see it setting up once more for a new attempt at Stage 2 potentially.
It's currently in Stage 1B after a year carving out a Stage 1 base range (70%+ in the Stage 1 base range) below where it made it's Stage 4 breakdown from. And so is a very significant level of resistance, as it was the previous support multiple times before the 2014 breakdown into Stage 4.
it's had a strong move since it's September bottom, and volume has contracted during the consolidation of the last few months, showing little selling pressure. Relative performance is also strong above a rising zero line and so this looks like it could have potential for a Stage 2A breakout attempt.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.