Baidu, Inc.Long
Resistance became support
follow up trade of previous idea, see link below.
Lately BIDU broke through the resistance @128 on a big green day. Since then the SP came back to test if the previous resistance became support.
Today it came very near and moved back up, so I took another trade:
Entry: 129.38
TPI: 138.3
TPII: 142.4
SL: 126
All the other indicator described in the previous trade are still valid. Just that the MACD is positive by now.
Lately BIDU broke through the resistance @128 on a big green day. Since then the SP came back to test if the previous resistance became support.
Today it came very near and moved back up, so I took another trade:
Entry: 129.38
TPI: 138.3
TPII: 142.4
SL: 126
All the other indicator described in the previous trade are still valid. Just that the MACD is positive by now.
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