$BIDU retesting neckline heading for 50% drop
Baidu has been sitting out most of the rally since christmas and is currently retesting the lower of the two necklines. BIDU features a nice multiyear head and shoulders that has triggered and a double top that was triggered, and whose neckline is currently being retested. Both formation target the 80-90 area. Prime short candidate of so inclined
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.