After waiting for quite a few songs, I think it is time to visit $BIDU.
Take a look at the monthly $BIDU chart below:
Price action has started to consolidate around the 50% retracement from the low $10 to the high of $165.96. This is a strong support in my book.
Take a look at the weekly chart below:
This week bar is a good solid green bar so far. 5 sma line is turning up along with the two momentum indicators. Yes, the 5 ma hasn’t crossed the 15 ma line yet; therefore, I’m jumping the gun here.
Take a look at the daily chart below:
I like the “pop up” price action today. Both momentum indicators are also turning up. This sync with the weekly momentum indicators as well which are good signs.
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