February 6, 2013

BIDU Chart analysis

 
  • Weekly charts looking good for BIDU bears. Price may move towards the Lower bollinger band in weekly time frame.
  • Second chart shown with Stochastic sell signals in weekly time frame. Last two signals have done well. Stochastic has given another sell signal now.
  • Daily chart may attempt a pullback if price starts to trade above 99.65 levels. 50 Day SMA may act as resistance.



No comments:

Post a Comment