QIHU: Earnings before the bell on Monday? Pop OR Flop? I.I. thinks POP.

QIHU is -like YUKO- one of those tickers that gets a lot of recent chatter, especially with QIHU’s earnings before the bell on Monday. The prevailing count suggests a POP since only intermediate wave iv of Major 3 finished recently. Looking at that low, we can count a leading diagonal for minor 1 up. In a LD, the 1st and 4th  wave can overlap. Since then we had minute i and ii, IMHO

(click to enlarge)

QIHU update 08232014

There’s also a nice ascending triangle formation, and on the weekly chart price is now expanding the Bollinger Bands (BBs), while tagging the upper BB: strength. IMHO, therefore we’ll see a POP on Monday because sentiment on this ticker is (still) bullish.

(click to enlarge)

QIHU update 08232014

GL!!

 

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