BIDU's charts are pretty much negative for the short term, I was considering it as a short play, but it still has strong intermediate charts and there are better looking (more damaged) charts for a short term play.
3 min positive and leading negative so short term doesn't look good for BIDU.
The 5 min also leading negative.
However here's where it's stronger than some others...
10 min is posiitive at a larger base and still in line with no deterioration.
As is the 15 min chart.
BIDU is more ideally suited as a long pullback play, let it come down and once the charts out to 5 min turn positive (accumulation in to the pullback), BIDU should make for a good long position which would be along the lines of a sub-intermediate swing trade up.
You may want to set some price alerts lower to remind you.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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