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[BIDU] Analysis

It has been so long since my last post. I have been too busy with my school work due to midterms...


#SwingTrading #LongTerm

BIDU is one of the Chinese tech giants. As you can see from the chart above, It has more than halved from its all-time highs a year ago. Since then, it has been in a downward trend channel.

Looking at its daily chart, we can expect it to break up the downtrend. Since my Chinese futures market analysis, I have been researching some of the Chinese stocks to swing for a long term, and this seemed prime.

A great entry point will be the confirmation of the break out of the downtrend channel, VPVR resistance (horizontal red line), and the 200 MA line.

I would like to see BIDU reaching 200 again before May.

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