BIDU has a engulfing candle pattern on the Weekly chart, signalling a reversal.
Again, there's the engulfing candle pattern today!
However, it is still a counter trend trade. So trade cautiously.
Therefore, there's only 1 target profit at the $260 level or the 50MA on Daily.
Disclaimer: Not giving any trading and/or investment advice. Just sharing my chart observation.
If you have any symbol that you'd like me to analyze, just drop me a comment.
Thanks!
Again, there's the engulfing candle pattern today!
However, it is still a counter trend trade. So trade cautiously.
Therefore, there's only 1 target profit at the $260 level or the 50MA on Daily.
Disclaimer: Not giving any trading and/or investment advice. Just sharing my chart observation.
If you have any symbol that you'd like me to analyze, just drop me a comment.
Thanks!
Trade closed: target reached:
Great! Selling pressure is back!
Will consider it as target reached!
NASDAQ turns bullish today.
Chances are the smart money is buying again!