Bidu broke the 100 support after a retest on the Diamond Top pattern. Let's see if the full target will be hit.
Comments
Razvan
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closed this setup at the 90 target
Razvan
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Short consolidation, right over 92, next week, we might see 90 hit
Razvan
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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.
HinduMVP
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Neat set-up.
sublimares2
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sorry mrazvan with so many disagreeds- I have no idea what´s wrong with this system tday. It should have been only 1
Razvan
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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 :)
sublimares2
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and trgt2 @ 42-43 megaphone in the making
sublimares2
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I don´t see any diamond top pattern. I do see a rising wedge followed by a symmetrical top triangle (bearish) with trgt @59.