QIHU has come off the bottom of the base to the breakout point today rather abruptly which is not ideal imo. However it is showing strength & I buy when a stock takes out the high of a failed breakout day within the next few days. I think it shows that the failed breakout was just short term profit taking and instead of putting in a handle it goes right back for blue skies.
QIHU & china names got hit pre-mkt this morning. When this happens, I like to execute my sale asap. i did so in the first few minutes this morning at 88.6ish