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. 


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1 comment:

  1. ChipJuly 21, 2015 at 6:45 AM

    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! :-)

    http://bit.ly/1CSC7Rq

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

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