Anthony Jackson
January 04, 2017
Anthony Jackson @ Verified Investing
Born and raised in NYC, started at the bottom, ended up at the top. I post my trades here: https://verifiedinvesting.com/AnthonyJackson

Something Very Concerning In the $BIDU Stock Chart

 

Share of Baidu Inc (NASDAQ:BIDU) are rallying today with the rest of the stock market. However, there is a problem. The rally is adding fuel to a bear flag stock chart formation that ultimately signals a sharp drop on the horizon. The scarier part of the stock chart is that Baidu  was hammering on support through late 2015 and 2016. However, in late 2016 it broke that support and has little to nothing holding it up now. This may just be one of the most bearish stock charts in the whole entire stock market. For visual understanding, look at the stock chart below. The downside target is as low as $100.00 on Baidu Inc.

View my trades and Verified performance now right here . Simply join Verified Investing for free and anytime I buy a stock/ETF, you will get an email. You can then opt-into the trade getting my exact entry price, target and stop. Those who take my trades, only reward me (a Verified Trader) with a few Dollars IF they get big winning trade information.

https://verifiedinvesting.com/uploads/files/BIDU01.03.2017.png 

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