- BIDU gives a sell from its diamond pattern shown below.
- Main support lies between 98 and 99. Break and close below this level may push price to the trend line in weekly chart.
DIAMOND OF BAIDU IN DAILY CHART
- Daily chart is showing a Diamond pattern. Weekly chart is also showing a consolidation pattern.
- Break of the support line may give a correction. But the trend in weekly chart will remain up until the trend line gets violated.
- Break of the resistance line will lead to continuation of this up trend.
- Main support lies between 98 and 99. Resistance at 115 levels.
- QQQQ CHART ANALYSIS