BIDU breaks above 50 day moving average

• Bidu has closed above its 50 day moving average.
• Stock has one more resistance line to cross in the daily chart before it can turn really bullish.
• Breakout can give fresh high's for Bidu. 
• Supporting Trend line in weekly chart too looks strong .
• Stock if unable to sustain above 50 DMA it will be negative in the short term.
• CISCO TRYING TO FILL THE GAP
  
• FALLING WEDGE OF CRUDE OIL
  
  

CISCO Enters the GAP

DAILY CHART

DAILY CHART

WEEKLY CHART WITH FIBONACCI LEVELS (CLICK TO ENLARGE)

WEEKLY CHART WITH STOCHASTIC INDICATOR

• Two daily charts and two weekly charts of Cisco systems.
• First chart shows price entering the GAP in daily chart.
• 2nd chart shows price closing above its 50 day moving average.
• Weekly chart shows good support at 19 levels that is the 61.8% Fibonacci level in weekly chart. Price has gone up from there, broke above 50% level and closed above 50% fibonacci level. If price sustains above 50% Fib level then the next logical target would be the 38.2% Fibonacci level which is at 22.34. For this level to be achieved price should stay above its 50 day moving average.
• Weekly stochastic is also looking positive.
• FALLING WEDGE OF CRUDE OIL