Long

BIDU - 3-4 continuation breakout

Updated

Loading zone is anywhere in the golden zone. BIDU is in a nice channel at bottom of range and can see a lot of upside from here. It is holding the 50 SMA on the 4H, and 9 EMA on the Daily. A backtest of the prior bull flag break out can send it to the next levels above. A candle close below the golden zone invalidates this play.

Note

This played out quite nice. PT of 300 bull case now.

Also on:

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.