BIDU:
Baidu is back above the long term trend line that was supporting the price for a long time.
The last candle has also reintegrated the cloud and the lagging span broke the kinjun and tenkan.
All the above indicate a potential bullish trend reversal.
I'm now switching from bearish to neutral/bullish.
Good enough for me to initiate a long swing trade.
All targets and resistances are on the chart.
Note that BABA has a very similar chart.
Trade safe.
Baidu is back above the long term trend line that was supporting the price for a long time.
The last candle has also reintegrated the cloud and the lagging span broke the kinjun and tenkan.
All the above indicate a potential bullish trend reversal.
I'm now switching from bearish to neutral/bullish.
Good enough for me to initiate a long swing trade.
All targets and resistances are on the chart.
Note that BABA has a very similar chart.
Trade safe.
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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.
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.