BIDU Bear flag (consolidating)

26 Mar 2019

BIDU

BIDU has formed a bear flag on the daily chart and drilling down into the hourly chart, we can see a clearer picture. Watching for a break of support on volume and a possible retest for confirmation for further downside.

Only 2% of the float are short (as of today) so short squeeze unlikely. Keep risk tight, any reclaim of support (if/when) it breaks would stop me out.