Well would you punk? BIDU made a gap up under heavy volume after the anouncement that Google might leave China. The first candlestick after the news was a hammer at the top of a resistance line, which brought out the Bears. But the Bulls broke through that resistance the very next day with vigor. So, would you buy BIDU here?
*** The first candlestick after the news was a hammer at the top of a resistance line, which brought out the Bears. But the Bulls broke through that resistance the very next day with vigor. So, would you buy BIDU here? ***
A hanging man?
Option expiration week…
No!
Yeah the hanging man is giving me pause too but I can easily see price pinning this week for sure.