TRADING TIPS

BIDU Does Not Look Good

Hubert Senters here. Let’s take a look at BIDU. It is looking like it’s about to fire off another short signal. I’m a little early on this one so it’s an anticipation play but as you can see it’s already in pretty bad shape where it’s gapped down. It went below the cloud gap down push lower consolidation gap down. Tried to work its way back above the cloud but it can really gain attraction plus ADX is a little like $16.16 and they tend to drift off a little bit lower when that happens. So if you can handle the risk and heads up it’s a risky trade. If you can handle the risk it’ll probably drift down to about $94 right now it’s trading at $102.37. It needs to trade below the cloud which would be around $101 and then drop to $94.21 after that and then after that it could potentially go lower. But I just notice in one of my scans of going into the cloud but not out of the cloud yet, it went in Friday. It’s in today and it’s got a bad look in a little chart pattern going on here so BIDU potential short, risky for sure with a target of $94.21. Now, Mark Helweg is going to be doing a webinar on ‘’How to Read Market Direction Instantly with this One Free Tool.’’ It’s Tuesday, September 24th at 8PM. I will HYPERLINK you to that sign up page. Good luck. Hope it helps. See you on the next video. Hubert.

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