BIDU Charts

BIDU is a long term CORE short position, it was also a put position that made 100% last week, I've been waiting for a new area to start a new put position, perhaps we'll get a price concession that makes it worthwhile, for the very short term, a call position here looks decent with weekly calls.

 There's a technical bearish price pattern called a bear flag in place, traders will short this price pattern making an upside move worthwhile for Wall Street as they take advantage of the predictability of technical traders.

 This is about the area in which I would consider a new put position, basically we need to make a higher high to get any kind of bullish interest here that can be shorted.

 The 1 min intraday BIDU chart looks good for a short term long position, I do think you need some leverage to make it worthwhile or just wait it pout looking for the higher probability, more profitable put position.

 The leading positive intraday 3 min chart.

 And the same with the 5 min chart.

 Here's the entry of the last put position that made 102% and also the entry area of the BIDU Core Short position add to. This chart is leading negative.

 The 30 min chart really saw heavy distribution at the head fake move, which was simply a move above recent resistance as the preceding trend in BIDU made technical traders think BIDU was going to move to a new leg higher. This chart is also leading negative, therefore the longer term shorts or put positions are where the probabilities are.

These are the two head fake moves in BIDU that were used to open the core short and add to it in the equity model portfolio, the second one was also used for a put position.