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GlitchSPX

BIDU - 3-4 continuation breakout

Long
Baidu, Inc. (NASDAQ:BIDU)  
GlitchSPX Updated   
NASDAQ:BIDU   Baidu, Inc.
Trend Analysis Chart Patterns Wave Analysis
2
0
trendanalysis chartpattern waveanalysis
Loading zone is anywhere in the golden zone. BIDU is in a nice channel at bottom of range and can see a lot of upside from here. It is holding the 50 SMA on the 4H, and 9 EMA on the Daily. A backtest of the prior bull flag break out can send it to the next levels above. A candle close below the golden zone invalidates this play.
Comment:
This played out quite nice. PT of 300 bull case now.
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