novvoll12
Short

BIDU $205.84: Tests 9-week range low; bearish technical indicato

NASDAQ:BIDU   BAIDU INC - AMERICAN DEPOSITARY SHARES, EACH REPRESENTING ONE TENTH CLASS A ORDINARY SHARE
55 0 0
BIDU             $205.84: Tests 9-week range low; bearish technical indicators caution for downside

BIDU             has been consolidating within the 9-week 202.20-220.75 range near the 55 day moving average. Bearish technical indicators suggest there is scope for further downside. A break below the 202.20 range support would confirm a lower high at 220.75 ( April             6, 2015) and extend the 5-month downtrend towards the 199.70 low (February 9, 2015) and then the 194.31 reaction low (October 13, 2014). Below rests the range target at 183.65 (220.75-202.20 measured from 202.20) and then the equality target at 168.46 (251.99-199.70 from 220.75). However, if bulls reclaim the 220.75 range resistance, that would negate the bearish momentum and stabilize for 234.67 (January 19, 2015).
Outlook:
Short term: Neutral with a bearish bias
Long term: Bullish
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out