Good Morning, as we can see we have a catalyst on
BIDU
, first time since it was listed to have losses, its at a nice pivot, below the MA's, and below the short sale restriction, i will wait 5-10 mins after the market opens and i will trade it to the short side (I am a short bias trader), i think we have 2-3 points of space to come down, if we can hold up this levels it can be a good trade.
Remember that this is for educational purposes only.
BIDU
, first time since it was listed to have losses, its at a nice pivot, below the MA's, and below the short sale restriction, i will wait 5-10 mins after the market opens and i will trade it to the short side (I am a short bias trader), i think we have 2-3 points of space to come down, if we can hold up this levels it can be a good trade. Remember that this is for educational purposes only.
Comment:
Great trade today with Bidu, all the way down to USD128.75, covered at that price...