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TraderByInstinct
Jun 3, 2015 7:41 PM

BIDU - C&H fomation, neckline at 212, possible move 

Baidu, Inc.NASDAQ

Description

H&S neckline at 212, stopping at the 50 DMA on daily. C&H handle forming after finding support at 188.5. Breaking downtrend line here, constructive formation for long position.
Comments
JimmyZhao
Could also be that the handle was already formed last week and that we are breaking out of the handle right now
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