Pages

Stockcharts

. Charts in this Blog are powered by Stockcharts.com. Click thru it to compare with the latest chart on Stockchart.com.
. Charts are mined and selected from MarketClub'sproprietary SMARTScan & Trade Triangle technology.
. Notes & Labelings are entirely the Blog author's.In the spirit of community sharing.

Tweet

Tuesday, August 16, 2011

BIDU - 1hr chart - Long for prices to fill gap.

BIDU - 60 min Candlesticks: "


via StockCharts.com"


Overview :
I am maintaining a medium term bearish view. Having said that in the Near Term,
expect prices to correct upwward to fill a gap left by $142.5. Current price at $136.92.


Strategy
. Go long on a Near term to Intraday punt for price to fill gap.
. In the medium term expect bearish sentiment to resume. Unless proven otherwise !!


Technicals :
. 60minute chart
. Slow and fast Stochs are O/S
. Broke out of mini trend channel



No comments:

Post a Comment