bullish decending wedge breakout, MACD turning positive, higher lows on RSI. only nasty looking thing here is the 50/200 day moving averages, but this looks like a very nice way to play the big tech names going into earnings over the next month.
Do your own research. Another Head and shoulders top breaking down. Measured move could take it to $150.
Video breakdown on a low risk/ high reward play I am watching on $BIDU
Updated BIDU idea with the recent crash. 467.10 is the target Nice entry here. Posted my entry on my patreon www.patreon.com
Following basic price action, SPY market recovery imminent in my opinion. Expecting a melt-up to ATH's this April, back on the bull for BIDU.
China-based tech giant may receive increased oversight from Chinese regulators, in addition to threats from the U.S. about potential delistings of foreign stocks. The U.S. Securities and Exchange Commission (SEC) has threatened to kick foreign companies off of U.S. exchanges if they don't adhere to U.S. auditing practices. (fool.com) Fib 0.618 perfect touch:...
BIDU is looking good again. We can long again. 1. Golden Pocket at $177 - $180 2. FIB level support 3. 200 day EMA 4. oversold RSI 5. MACD under histogram on the daily
Looks like a visit to the 200dma on the table again as mid-bolli has held as resistance $TSLA $SQ $ROKU $TDOC $BIDU $SPOT $Z $SHOP $QQQ $SPY #ElliottWave #Stocks 📉
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NASDAQ:BIDU Possible Scenario: LONG Evidence: Price Action TP1 ~ 275$, This is my idea and could be wrong 100%, Option Calls for 19 March, 275$
We know the market in general terms. It's in an "overbought" situation. However, our job here is to analyze any chart and make conclusions based on what we see. What can we see here? -The price made a new ATH after breaking the major resistance zone. -After that, we can see a Flag pattern on the Edge of the Major resistance zone. -From a technical...
Looks like a flush scenario to 200dma is increasingly likely. Below last week's low where Cathie stepped in $TSLA $SQ $ROKU $TDOC $BIDU $SPOT $Z $SHOP $QQQ $SPY #ElliottWave #Stocks 📉
Video Breakdown on $BIDU! Currently in a Descending wedge heading towards our daily support!
Earnings are still 23 days however since we are in still in bullish momentum from the big up move last Thursday. I expect tomorrow to test and then break last Thursday's high.