BIDU: ICHIMOKU LONG SWING TRADE
BIDU:
Baidu is back above the long term trend line that was supporting the price for a long time.
The last candle has also reintegrated the cloud and the lagging span broke the kinjun and tenkan.
All the above indicate a potential bullish trend reversal.
I'm now switching from bearish to neutral/bullish.
Good enough for me to initiate a long swing trade.
All targets and resistances are on the chart.
Note that BABA has a very similar chart.
Trade safe.
Baidu is back above the long term trend line that was supporting the price for a long time.
The last candle has also reintegrated the cloud and the lagging span broke the kinjun and tenkan.
All the above indicate a potential bullish trend reversal.
I'm now switching from bearish to neutral/bullish.
Good enough for me to initiate a long swing trade.
All targets and resistances are on the chart.
Note that BABA has a very similar chart.
Trade safe.
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