Context:
monthly uptrendig intact
natural PB to lower extreme
Swings
seems that major pendulum swing has fullfilled its job, since the sinus wave looks completed
also the minor sin. wave completed
Price Action
orderly former flow to the downside
pressing - major fish in the pond wants cheaper price to fill his bag
create panic - whale create...
$BIDU has a classic bearish H & S. It has now broken down from its trendline of the retracement (around $190 - $212) 1st target at 0.5 fib retracement hit today. Ultimately, traditional technical analysis would suggest an ultimate Price Target of close to $172. Let's wait and see. If you have any comments or queries, do get in touch... Happy Trading!
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...
BIDU rallied off the 202.20 low (March18, 2015, above the 199.70 spike low (February 13, 2015)) back above the 200 day moving average (currently at 209.24) to test the 217.85 5-week range high (March 6, 2015). Bullish MACD suggests further upside remains favored. Clearing the latter would confirm a double bottom at 202.20 (as shown on the daily chart) and trigger...
Short term bounce setting up. RSI and stochastics are almost oversold and there is some bullish divergence when looking at the MACD. Also 200 EMA is just below the current price along with support that has been in play for a while. Currently trading right on the 0.382 fib retracement. Anything could happen but it looks like BIDU is setting up
12-2 Let's keep it simple. What's so special
about the 100-101 zone? Not only is it the
first breakout into a new high out of what
some would call a base. It's also a 50%
Fibonacci retracement on the way down.
It also just happens to be at? An old support.
We all know the old rule of thumb right? Old
resistance once broken tends to become?
New support. ...
As you can see, overall this issue is starting to get that look. The look of a Head And Shoulders top formation with this issue currently in right Shoulder build out mode (Pink bear Channel). Until it breaks (IF) to the downside of the potential right shoulder there is nothing to talk about, just watch. The other scenario to be on the lookout for is that of a...
Not only numbers is attractive but also the chart. When both agree on company's future outlook, hard to resist to stay sideline and wait correction to happen in order to enter your long waited trade. In most cases, we are right about FB and so far all trades were profitable by simply using a few signals. Very strong level to watch now is $78.56 area where some...
You need to check if this technical review matches the fundamental which is very vital for those of you who want to enter a trade that they want to hold a longer period..highly recommended to see if the stock fits their investment philosophy. As you can see from the chart, the stock had a decent run from Feb low this year, and appreciated in short time almost ...
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...
