Baidu, Inc.
Pembelian

Ascending Triangle, Major Resistance, Uptrending Channel

Diupdate
The price of BIDU currently walks on the lower boarder of an uptrending channel.

Major resitance is @ 128 for more than 2 month now.

Right below the resistance it is forming an ascending triangle.

MA 50 is neutral, MA 200 in an uptrend.

RSI gives room to run.

MACD positive crossing.

Will enter above 128 if volume picks up or the resistance break is confirmed by another candle close.

TP1: 132.7
TP2: 136
TP3: 146
Trade aktif
Catatan
TP1 reached
Catatan
TP2 reached, SL for last trade rised to 132.7 (might come back to test if resistance becomes support)
Trading ditutup: stop tercapai
132.7 reached (updated SL to TP1), might reenter when it hits 128 again
Parallel ChannelSupport and ResistanceTriangle

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