Tuesday, March 16, 2010 8:51:29 PM
Re: BIDU - Shooting Star
Here, a classic shooting star formation would herald the end of BIDU 's multi-month rally if we closed the week today.
For now, look for weakness developing in RSI and secondary indicators, especially since CCI, Wm%R and CMF are getting oversold and ChiOsc seems to be rolling a bit ... Worth keeping an eye on it:
BIDU - 36-Month, WEEKLY Chart:
- Dalcindo
Here, a classic shooting star formation would herald the end of BIDU 's multi-month rally if we closed the week today.
For now, look for weakness developing in RSI and secondary indicators, especially since CCI, Wm%R and CMF are getting oversold and ChiOsc seems to be rolling a bit ... Worth keeping an eye on it:
BIDU - 36-Month, WEEKLY Chart:
- Dalcindo
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