NASDAQ:BIDU   BAIDU INC - AMERICAN DEPOSITARY SHARES, EACH REPRESENTING ONE TENTH CLASS A ORDINARY SHARE
68 1 2
After gapping and holding below 2 earnings levels, I will take this 2R short.

3 primary reasons I'm bearish:

1. RgMov is in a downtrend, with 5/13 MA clearly bearish
2. Price is expanding range lower on both a daily and weekly scale
3. Price is right below two key earnings levels that will act as resistance

GL!
Nailed it.
+1 Reply
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