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Nick_C_
Jun 17, 2014 12:27 AM

Baidu looking prime  Long

Baidu, Inc.NASDAQ

Description

Gorgeous diamond breakout mid May, pulled back once to test the 20MA and establish trend line. The RSI and MACD are very strong, with stochastics/reversal candles looking ready to knock out this short term sell swing. Will use this anticipated consolidation over the next few days to pick up some calls on either the 20MA/trend line. Il swing it into the 185 ceiling as a golden cross is on the horizon aided by a fresh weekly MACD cross and relative momentum that is climbing higher.
Comments
Nick_C_
Damn near perfect follow through
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