CheelooTrader

BIDU - Phase I breakout

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NASDAQ:BIDU   Baidu, Inc.
  • I love this chart not just because how the price is acting, but this I believe provides a template for the other growth names that are beaten up.
  • Testing 200 DMA ...positive because price is at that key level, but negative because first test rarely gives you breakout++--
  • Big bearish candle near 200 DMA ---
  • Any pullback above 130 should get bought up. Early, but I like this among the china name to trade near ATH in a couple of years.

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