BIDU for a nice bounce

B

blaze_trader

I bought some BIDU at the close today as it held the 50 dma support line. If BIDU breaks above 182 on a closing basis, it will see 200.
As for tomorrow, it should see 165-166 so a quick scalp set up should present itself. Will BIDU close green tomorrow ? I have no idea.
Nothing is certain in trading but the set up is there.
 

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the day chart shows it has been swinging between 80 and 300 over the past few years.

Your justification to take a long position looks strange ( or perhaps it is a standard
writeup from the professional writers ).
you should talk about some fundamentals too ( China crackdown, Evergrande and those things).

Do you have other stocks where the charts are not erratic/choppy/chaotic/messy?

Good luck.
 
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