Well its that time of the year again to re-short reload & reshort BIDU =)
Looking to short at intra-day resistance between $195-$197 with the first target being $177 and the second target being the 2.618 Extension at Weekly support.
-Reason for short: Fundamental outlook for BIDU doesn't support current price, and the technical break of $195.40 Weekly support.
-Intra-day chart:
Looking to short at intra-day resistance between $195-$197 with the first target being $177 and the second target being the 2.618 Extension at Weekly support.
-Reason for short: Fundamental outlook for BIDU doesn't support current price, and the technical break of $195.40 Weekly support.
-Intra-day chart: