Circling Back to Qihoo 360

I'm looking at a secondary entry to an original setup in Qihoo 360 (QIHU). Price is clearly above the 200- and 50-simple moving averages which supports a buy-side setup.

To review the original setup, there was a healthy price cluster of support that came in at the $73.95-$75.32 area. The zone included a .618 retracement, a .382 retracement a 100% price projection of a prior decline and two 1.618 extensions of prior swings. This was initially the zone from which Qihoo 360 rallied $21.72. Besides the price cluster at that last low, there was also a coincidence of three Fibonacci timing cycles that came due Oct. 8-10. The actual low was made on Oct. 9....173 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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