Our system’s recommendation today is to SHORT. The BEARISH THREE GAP UPS pattern finally received a confirmation because the prices crossed below the confirmation level which was at 202.8150, and our valid average selling price stands now at 202.5950. The previous BUY signal was issued on 05/15/2015, 11 days ago, when the stock price was 191.9300. Since then BIDU has risen by +5.56%.
The bears have evidence on their side and this evidence prompts us to make a bearish bet. The bearish pattern that was previously identified is finally confirmed and a SHORT
signal is generated. Follow the signal and profit from the bearish enthusiasm before it is too late. SHORT
is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT
orders must never be placed without a stop loss. more...