My bias is to the downside, Lets see what happens..
50% retracement back, Bear Channel.. all poiting towards a lower low
Out of bollinger band.. it will make a run down a dollar or so to get back in the bollinger band.
I still believe the target of the HnS developed during 2011-2012 for BIDU is still $80. It looks good now, but patience is the key. Market isnt looking good either so it will support the $80 level.
The chart of $AAPL is not bad , as of this moment. I did expect a close at 390 after the blood bath 2 days ago. If it doesnt bounce up the next week, $AAPL could be headed down to ~330 area, but as of now there is still a chance to catch the shorters off guard and move higher.
If you do enter this trade, do it after the breakout pullback. It may run up after the breakout than you might miss the opportunity but remember, quality of the trade that matters not quantity.. If you want me to give you info on one of your stocks that you would like me to. You can email me at pateldarshild@gmail.com
It looks like cup and handle, My Target is still $ 50 from $39.7. It looks like it will head up to $ 50 soon. If you want me to give you info on one of your stocks that you would like me to. You can email me at pateldarshild@gmail.com