Tags:
BIDU has been selling off strongly for the past few days. There is a bullish divergence on the hourly chart along with a bull flag. The volume on the hourly bull flag was very light and the intraday was forming a falling wedge pattern. I went long when buying vol starting to increase and 211.80 held. Risking roughly 5 pts for a 10 pt gain.
Intraday:
Hourly:
Daily:
EXIT:
Intraday:
Hourly:
Daily:
Great momentum this morning. As the trade went on, I continued to raise my stop to ensure gains. Got stopped out and the daily chart looked like a very weak bounce.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2018-08-15 15:00:08 | BIDU | 40 | $212.450 | 40 |
2018-08-16 14:29:17 | BIDU | -39 | $217.840 | 1 |
2018-08-16 14:29:17 | BIDU | -1 | $217.835 | 0 |
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