Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Wednesday, December 30, 2015

BIDU Setting Up for Round 2?

BIDU had an amazing run during October & November off of support of its lower long term channel line and also, a very deep technical setup.

click on image to enlarge

This past month it has switched from its weekly chart to its daily chart for the support of the lower line of its midterm red channel.  If it starts lifting from this lower channel line, it may very well be starting a run for the upper line of the long term blue channel.

Trade well my friends


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