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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.