BIDU has printed two straight red candles, the last of which a bearish engulfing. Looks intimidating. So no full-size positions here, yet. But we have ATLS off the May 25 SL and broken DTLR off the Jun 20 SH. That $143 area is a great position for stops but I need to see BIDU try to repeat the 7/19 open but actually hold the gains before I consider any position. Still, willing to go long if BIDU can print the case. Twelve days to earnings.
Trade closed manually
Good push into resistance as earnings approaches but too much of a gamble.
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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.