July 20, 2015

BIDU Chart analysis

  • Bidu weekly tries to re-enter the bearish pattern from which price gave a breakdown.
  • Daily can confirm a reversal only if price is able to sustain above the falling resistance line and 200 Day SMA. Bearishness near the down trend line may result in another fall. 

1 comment:

  1. Thanks.

    Market looks like an F flag building. So we might get a sell off later in the week. ?

    What about yesterday, GOOGLE had the biggest 1 day up in history. HOLY MOLEY! :-)


    Does this remind anyone of the tech boom back in 1999 – 2000? hmmmm?