Technician

Baidu Challenging Resistance

NASDAQ:BIDU   BAIDU INC
828 3 13
Baidu is testing a major confluence, watch for a long trade if it breaks

  • Main falling channel resistance
  • Major 200-days Simple moving average
  • Horizontal resistance and previous swing highs
A break above that resistance(220) with daily closing confirms 235 and 250 as next main targets.

Good luck...
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Technician
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J.S.
2 years ago
Nice chart. Chinese stocks are ready for a bull market under its government influence, I guess.
Reply
mdbutz
2 years ago
FOR NOW DOS'NT LOOK LIKE FOR LONG. LOOKS LIKE CORACTION IS ABOUT TO CREATE?
Reply
FXHighway
2 years ago
Great setup my friend .. Best of luck
Reply
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