February 19, 2012

BIDU Weekend update

  • Last day of the week saw negative price action with increasing volume.
  • MACD is showing negative divergence.
  • Daily time frame is approaching 200 SMA and up trend line which needs to be broken by bears of BIDU for a bigger correction to happen.
  • DRYSHIPS INC WEEKLY CHANNEL
By at

1 comment:

  1. Rural TraderFebruary 19, 2012 at 3:43 AM

    I agree, bought BIDU puts Friday. Lines up with FXI testing resistance and getting rejected but if FXI breaks up this trade will probably bust.

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