CheelooTrader

BIDU - Phase I breakout

Long
NASDAQ:BIDU   Baidu, Inc.
  • I love this chart not just because how the price is acting, but this I believe provides a template for the other growth names that are beaten up.
  • Testing 200 DMA ...positive because price is at that key level, but negative because first test rarely gives you breakout++--
  • Big bearish candle near 200 DMA ---
  • Any pullback above 130 should get bought up. Early, but I like this among the china name to trade near ATH in a couple of years.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.