workingtraders
Short

Short Idea for Baidu ($BIDU)

NASDAQ:BIDU   BAIDU INC
152 1 3
Will start stalking for a short position between 145- 153. This ideal for most risk to reward. Will look for bearish Candles and the Stoch is already showing overbought and I will look for any indicator divergences to confirm such as MACD .
workingtraders
3 years ago
I will look into starting a short position in Baidu between $145- $153. There is bearish divergence MACD already forming in combination with a bearish Harmonic Pattern near key Fibonacci areas to support this idea. (Macd divergence: http://tinyurl.com/32ejdkq).
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