BIDU bearish – Posts new 14-month lows, eyes 148.16 next BIDU continues to weaken, posting new 14-month lows towards the 148.16 area (near 61.8% of the 83.27/251.99 rise). Below lies the 140.66 key support (April 7, 2014 weekly low). The 179.06 resistance should cap near-term bounces.
Outlook:
Short term: bearish
Long term: bearish
BIDU
BIDU - Scary out the week hands and turn north again?Context:
monthly uptrendig intact
natural PB to lower extreme
Swings
seems that major pendulum swing has fullfilled its job, since the sinus wave looks completed
also the minor sin. wave completed
Price Action
orderly former flow to the downside
pressing - major fish in the pond wants cheaper price to fill his bag
create panic - whale create panic to collect it all from the week hands
price stops right at a center of a reaction line, and within the center box, where former accumulation was
Outlook
potential support in the range of 150/160
as sinus boxes often get washed, it's a good idea to start small and add to the position later
Trade Idea (Position Trade)
stopp needs to be below the box, plus some
start small between expected support range and build on further confirmation
profit a) at the upper MLH (P5), just little below the sliding
Trade Management
move B/E when Risk/Reward is @1.5
trail below real structure, or if price explode to the north, trail below wide range bars (see Jul. 14 and Jul. 15)
$BIDU H & S and downtrend$BIDU has a classic bearish H & S. It has now broken down from its trendline of the retracement (around $190 - $212) 1st target at 0.5 fib retracement hit today. Ultimately, traditional technical analysis would suggest an ultimate Price Target of close to $172. Let's wait and see. If you have any comments or queries, do get in touch... Happy Trading!
BIDU $205.84: Tests 9-week range low; bearish technical indicatoBIDU $205.84: Tests 9-week range low; bearish technical indicators caution for downside
BIDU has been consolidating within the 9-week 202.20-220.75 range near the 55 day moving average. Bearish technical indicators suggest there is scope for further downside. A break below the 202.20 range support would confirm a lower high at 220.75 (April 6, 2015) and extend the 5-month downtrend towards the 199.70 low (February 9, 2015) and then the 194.31 reaction low (October 13, 2014). Below rests the range target at 183.65 (220.75-202.20 measured from 202.20) and then the equality target at 168.46 (251.99-199.70 from 220.75). However, if bulls reclaim the 220.75 range resistance, that would negate the bearish momentum and stabilize for 234.67 (January 19, 2015).
Outlook:
Short term: Neutral with a bearish bias
Long term: Bullish
BIDU $217.22: Potential double bottom within a 4-1/2 month falliBIDU rallied off the 202.20 low (March18, 2015, above the 199.70 spike low (February 13, 2015)) back above the 200 day moving average (currently at 209.24) to test the 217.85 5-week range high (March 6, 2015). Bullish MACD suggests further upside remains favored. Clearing the latter would confirm a double bottom at 202.20 (as shown on the daily chart) and trigger further gains towards the 221.52 area (January 30, 2015 range high) near the 4-1/2 month falling channel resistance. Above would bolster for 233.50 (double bottom target 202.20-217.85 from 218.75) near 234.67 lower high (January 26, 2015). Immediate support levels are 211.50 (March 23, 2015 reversal low) and then the 200 day moving average.
Baidu Bounce to $240Short term bounce setting up. RSI and stochastics are almost oversold and there is some bullish divergence when looking at the MACD. Also 200 EMA is just below the current price along with support that has been in play for a while. Currently trading right on the 0.382 fib retracement. Anything could happen but it looks like BIDU is setting up
BABA- What's So Special About The $100-$101 Zone?12-2 Let's keep it simple. What's so special
about the 100-101 zone? Not only is it the
first breakout into a new high out of what
some would call a base. It's also a 50%
Fibonacci retracement on the way down.
It also just happens to be at? An old support.
We all know the old rule of thumb right? Old
resistance once broken tends to become?
New support. What is even more
special though? Is the B wave bear channel.
Check out BIDU and BITA as they too both did
one before breaking to the downside.
Knowing what to watch for sometimes
can make all the difference. In this case
the for shorting the bear channel told you
all you need to know.
Do yourself a favor and be on the lookout
for them. If you are a long only type?
They are the what to watch out for.
For informational and educational purposes only
these are not recommendations, trade at your own risk.
VIPS- Head And Shoulders Top Forming?As you can see, overall this issue is starting to get that look. The look of a Head And Shoulders top formation with this issue currently in right Shoulder build out mode (Pink bear Channel). Until it breaks (IF) to the downside of the potential right shoulder there is nothing to talk about, just watch. The other scenario to be on the lookout for is that of a retest of highs, but then that could be construed as a potential double top in the making just like BIDU recently did.
$FB Heads $100Not only numbers is attractive but also the chart. When both agree on company's future outlook, hard to resist to stay sideline and wait correction to happen in order to enter your long waited trade. In most cases, we are right about FB and so far all trades were profitable by simply using a few signals. Very strong level to watch now is $78.56 area where some technicians may find interesting. When there is no known resistance ahead of you, but to use FIB projection..though it may give you some possible price rest, also may add up what analyst say about the company and what target price they may have on it. This combination will give you either exit levels or reload levels. We see $100 coming next 16 months if not sooner.
Is $DANG Buy Now?You need to check if this technical review matches the fundamental which is very vital for those of you who want to enter a trade that they want to hold a longer period..highly recommended to see if the stock fits their investment philosophy. As you can see from the chart, the stock had a decent run from Feb low this year, and appreciated in short time almost 120% this is how this stock is volatile and can ruin your wealth if u take it without a complete understanding its standard deviation which now stands at 5.13 compared to BIDU another Chinese stock 2.33. The price did not sustain and lost that quick 120% gain in March but it looks upside volume was huge compared to decline volume which may suggest the upside momentum has a run to continue. SCT suggests a measured target price $15.80 area and its very likely that will be the case. We see a target price $16.5 area from our FEXN projection and has 86% probability of achieving it. The trade open seems now profitable, and expect to trim it sometime next few weeks if price pushes above SCT target.
Baidu looking prime Gorgeous diamond breakout mid May, pulled back once to test the 20MA and establish trend line. The RSI and MACD are very strong, with stochastics/reversal candles looking ready to knock out this short term sell swing. Will use this anticipated consolidation over the next few days to pick up some calls on either the 20MA/trend line. Il swing it into the 185 ceiling as a golden cross is on the horizon aided by a fresh weekly MACD cross and relative momentum that is climbing higher.