BIDU Notes Jan 28th Evening.

BIDU

Many are calling this BIDU bull flag but they report February 4th next week so be careful.  I’m not really into considering this trade right now but if it does get above the gap left late October at the $110 area then it could move BUT the 200 day is just above at $114.
I’ll probably avoid this one right now.

Nice Risk Reward Trade. SPY

SPYThe SPY ETF just hit the low end of this nice uptrend channel.

These types of areas can easily be bought with very good risk reward since stops can be placed very close to the entry point.

In other words, you’ll know quickly if you’re right or if you’re wrong.

I have no position right now with the holidays here but I’m always eager to find these types of setups and act on them.

I want o wish you and your family the best this holiday season.

Enjoy it as if it were your last!  We just never know.