Tuesday, July 17, 2012

BIDU Update 2

The first BIDU update today, BIDU was $102.28, it's now at $104.69 as today's move looks like a shakeout as mentioned in the earlier update.




And now? It seems to be making pretty steady progress.
 1 min large relative positive divergence and leading intraday right now. BIDU has been off on its own, away from the high correlation of the market, I wonder if that will continue. I suspect it will.

 1 min close up, in line pretty much all day and recently leading positive

 The 3 min has a small negative relative divergence, if the 1 min stays in leading position it should migrate to the 3 min chart and put it back in line with price.

 The 5 min with a large relative positive divergence and an in line/confirmation status today

The 15 min chart with another large relative positive divergence and a leading positive divergence today.

I intend to keep holding BIDU calls.

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