Inc (SOHU) : Ichimoku Bearish Cross

SOHU has been making lower high, lower low since September 17.

And yesterday, there was a fairly high volume selldown bringing the price down by more than $2.

The Weekly Chart suggest a support at $62.71  with a fairly thick kumo supporting it below.

While on the Ichimoku Daily Chart, it has just pierce through support at $64.62

If the price drops further, we may see a confirmation with the Tenkan sen crossing the Kijun sen.

2009Oct-Sohu.Com Inc-800x600

2009Oct-Sohu.Com Inc-800x600Daily

By iam802

Trend trading with Ichimoku