BIDU Stock: Support Must Hold or Much Lower Prices Are Likely to Follow
For those who do not follow my work on a regular basis, let me reiterate where I stand on this market. I believe that the selling pressure that has recently inundated the markets has done its share of technical damage.
As a result of this technical damage, my outlook for the stock markets has been tarnished, and I no longer believe that the market is poised for further gains. Instead, I believe that the markets are beginning a transition from a bullish trend into a bearish one.
These types of transitions are characterized by wild market swings and elevated levels of volatility. In essence, this price.
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For those who do not follow my work on a regular basis, let me reiterate where I stand on this market. I believe that the selling pressure that has recently inundated the markets has done its share of technical damage.
As a result of this technical damage, my outlook for the stock markets has been tarnished, and I no longer believe that the market is poised for further gains. Instead, I believe that the markets are beginning a transition from a bullish trend into a bearish one.
These types of transitions are characterized by wild market swings and elevated levels of volatility. In essence, this price.
Den vollständigen Artikel lesen ...