SamSuka
The Long Investor
The Long Investor

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$BIDU - WATCHLIST -

We are now above the 200 Day MA, above the triangle breakout level at $93 and now pushing to make a higher high above $96.30 in the PM.

This is why we added at $88 and up +9% now in a few days.

Making a higher high confirms the trend and the next test will be the yellow trend line at $100 for me, above this level and Wave 3 is next at $117 at the 1.618 Fib

If we see some holding above the triangle breakout level at $93 this week, this is considered a buy entry which may happen as the market waits for their earnings report next Tuesday before the market opens.

$BIDU - WATCHLIST -

Comments

If it starts breaking out prior to earnings, should we consider this a strength on what is to come? or forget all that and bring out your Stan Weinstein i.e. follow chart pattern solely?

DiegoTheSabre17


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