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