Baidu, Inc.Short
$BIDU - 200EMA: BOUNCE OR BREAK?
BIDULOOKING TO PLAY
BIDU OFF OF THE 200EMA (RED LINE). CURRENT TREND HAS BEEN DOWNWARD AND I AM LOOKING FOR A BREAK BELOW THE 200EMA ON THE DAILY. WITH A BREAK BELOW THE 200EMA I WILL BE LOOKING AT THE VOLUME PROFILE AND WATCHING TO SEE IF THE PREVIOUS BUYERS ARE GOING TO TURN INTO SELLERS (ADDING TO THE INCREASE SELLING PRESSURE).
1ST TARGET ON THE BREAK IS 190 -> 185 -> 180
***JUST A THOUGHT, JUST A TRADE IDEA***
GOOD LUCK,
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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.