$BIDU - 200EMA: BOUNCE OR BREAK?

BIDU

LOOKING TO PLAY BIDU OFF OF THE 200EMA (RED LINE). CURRENT TREND HAS BEEN DOWNWARD AND I AM LOOKING FOR A BREAK BELOW THE 200EMA ON THE DAILY.

WITH A BREAK BELOW THE 200EMA I WILL BE LOOKING AT THE VOLUME PROFILE AND WATCHING TO SEE IF THE PREVIOUS BUYERS ARE GOING TO TURN INTO SELLERS (ADDING TO THE INCREASE SELLING PRESSURE).

1ST TARGET ON THE BREAK IS 190 -> 185 -> 180

***JUST A THOUGHT, JUST A TRADE IDEA***


GOOD LUCK,