BIDU has a engulfing candle pattern on the Weekly chart, signalling a reversal.
Again, there's the engulfing candle pattern today!
However, it is still a counter trend trade. So trade cautiously.
Therefore, there's only 1 target profit at the $260 level or the 50MA on Daily.
Disclaimer: Not giving any trading and/or investment advice. Just sharing my chart observation.
If you have any symbol that you'd like me to analyze, just drop me a comment.
Thanks!
Again, there's the engulfing candle pattern today!
However, it is still a counter trend trade. So trade cautiously.
Therefore, there's only 1 target profit at the $260 level or the 50MA on Daily.
Disclaimer: Not giving any trading and/or investment advice. Just sharing my chart observation.
If you have any symbol that you'd like me to analyze, just drop me a comment.
Thanks!
Note
Currently the low is $260.35Will consider it as target reached!
NASDAQ turns bullish today.
Chances are the smart money is buying again!
Trade closed: target reached
Great! Selling pressure is back!
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.
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.