Razvan
Short

BIDU - Going for the D Top target

NASDAQ:BIDU   BAIDU INC
506 9 3
Bidu             broke the 100 support after a retest on the Diamond Top pattern. Let's see if the full target will be hit.
Razvan
4 years ago
The volume highlighted on this chart
snapshot
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sublimares2
4 years ago
I don´t see any diamond top pattern. I do see a rising wedge followed by a symmetrical top triangle (bearish) with trgt @59.
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sublimares2
4 years ago
and trgt2 @ 42-43 megaphone in the making
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sublimares2
4 years ago
sorry mrazvan with so many disagreeds- I have no idea what´s wrong with this system tday. It should have been only 1
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Razvan sublimares2
4 years ago
No problem! :)...well sometimes the TA is subjectif. Anyway the targets are both under 100. Until now it lost 5% from the last closing :)...the position might be good :)
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HinduMVP
4 years ago
Neat set-up.
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Razvan
4 years ago
The volume picked up nice after the breakout. Yesterday the traded volume was 4 times the average. Thinking at the classics, this might mean that the trend will continue to be down, still looking at the chart, we can expect a slight correction back to 100, for a retest.
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Razvan
4 years ago
Short consolidation, right over 92, next week, we might see 90 hit
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Razvan
4 years ago
closed this setup at the 90 target
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