BIDU below 121 now, my "pivot" point.
BIDU - OK what's next for this bad boy 105? 125? 155? 75?
- Thread starter iceman1
- Start date
Anyway I dissect the chart, it still looks like it has plenty of upside. 120.00 was an important level since it represented the target of the move that began in August. Target was based on a measured move in relation to the Feb-Jul rally. Notice it gapped over 120 and now finds it fairly solid support.
Nothing is a sure thing of course. It can always gap below 120 and leave an island top. But, if it holds, fib projections give a 1st target of approx 140.00, then 161.00, which coincidentally is very near the high of the key reversal day in August of last year.
Nothing is a sure thing of course. It can always gap below 120 and leave an island top. But, if it holds, fib projections give a 1st target of approx 140.00, then 161.00, which coincidentally is very near the high of the key reversal day in August of last year.
BIDU fussin around 121 again.
Weekly resistance is 130, which it touched last run.
However gap remains near 114...so again I watch 121 and change....
zzzzzzz. ZZZZZZ.
Weekly resistance is 130, which it touched last run.
However gap remains near 114...so again I watch 121 and change....
zzzzzzz. ZZZZZZ.
Gentlemen, your gap fill is in. 
My next target is 111 (the 60 minute 200 SMA). :eek:
121 remains my pivot and resistance.
121 remains my pivot and resistance.
hehe it hit 111.73 low intraday a few days ago.
But UP 6% today! I'm in.