Youku.com (NYSE:YOKU ) is not the YouTube of China. It's the top dog, but not the undisputed champ of video streaming in the world's most populous nation. There are plenty of well-trafficked rivals battling it out here. It's also not fair to tag Youku as YouTube based on its model. Youku relies more on licensed content than user uploads. In other words, it's more like the Hulu of China, but even that match is a bit of a stretch.
Share of YOKU has resistance are is $23.50 and support is $18.50.I will be careful to trade any china stock. Stock is up 6% today maybe SINA earning tomorrow premarket.
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