TRADING TIPS

BIDU About to Go Higher

Hubert Senters here.

Let’s take a lookt at Baidu, BIDU is the ticker symbol. It is sneaking into the cloud which is usually a tricky preposition.

But if you like to take a little bit more risk you can potentially get in a little bit cheaper price if you think it’s going to continue above the cloud and I actually think it is. It acts pretty decent on the smaller timeframes.

Now, it’s got a little work to do. It’s at $202 right now in order to get back up to the cloud it’s about $27.

So if you’re willing to take a little bit of a risk you can save about $27 of potential unrealized potential in the trade.

Now, once you’re going to get in about $27 points higher than people are just doing a scan above or below the cloud so take a look at that.

If it clears $227 it will probably continue to go to about $265 to $286. If you’re into technical analysis and trading and you want to learn how to do this stuff we’re going to be doing a webinar Saturday at 9AM EST on how to do this type of thing.

I will HYPERLINK you to the registration page.

Good luck. Hope it helps. See you on the next video.

Hubert.

 

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