$BIDU H & S and downtrend

26 ביוני 2015

BIDU has a classic bearish H & S. It has now broken down from its trendline of the retracement (around $190 - $212) 1st target at 0.5 fib retracement hit today. Ultimately, traditional technical analysis would suggest an ultimate Price Target of close to $172. Let's wait and see. If you have any comments or queries, do get in touch... Happy Trading!