- First chart shows price closing above 50 Day Moving Average.
- But Bears will be happy that the price closed inside the descending channel pattern.
- 2nd chart shows price consolidation in a triangle like pattern and this will soon give good direction.
- 3rd chart shows Weekly chart with 20 week moving average. Price is refusing to close below 20 week moving average which will keep bulls happy.
- BIDU GO LONG ABOVE 20 DMA
No comments:
Post a Comment