NASDAQ:BIDU   BAIDU INC SPON ADS EACH REP 0.1 ORD SHS
I was hella intrigued by the chart originally because I knew just right off top of my head it seemed real familiar. Eventually, I saw the same pattern across some tickers, but $BIDU was (one of) the only ones that lined up THIS similar. I originally posted the idea to get short right before earnings , expecting a dip to @ or around $199, before falling farther. Except now, I see something completely different. Yellow (20) EMA + Green (45) EMA both above 180 WMA , whereas 55 (low) MA usually lets price determine what trend is after a dip (whether or not price consolidates above, or below 55 low MA). Lately I've been seeing plenty of tickers going through rough patches but, this week more-or-less, consolidated around that 55 (low) MA and after this week, are just now continuing the bull trend. With $BIDU, 223% matched right around 78.6% sell-signal from its high. With $FDS, 200% is looking like that same 78.6% long target / short entry. Essentially, once that 55 (low) MA begins to cross-over 180WMA, should see another dip right where it crosses over, with another continuation; which, is exactly where $BIDU is currently @.

Comments

great job with this chart. impressive
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DerekD_ Trod1961
@Trod1961, Thanks brudda!
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